SXP500 : need some retests before ATH !

٤ نوفمبر ٢٠٢٠

SPX500USD
Hello everyone😃

On short timeframe, SXP needs to cooldown. Also there is a resistance which make it easier for correction !
Even on technical view, We touched BBs upper many times and BBs basis supports movement.
On other side we had bearish crossover on Stochastic RSI and MACD is being bearish...

So we need to touch EMA 200 and BBs lower for now ( on 1H timeframe ) after it, if SXP make a Pullback from support, Then we can some predict on SXP.
By the way MACD Is still bullish, as we are on Bullish side for MACD there's possible chance to break resistance.