SPX500USD Is Very Bullish! Long!

10 Jun

Here is our detailed technical review for SPX500USD.

Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is on a crucial zone of demand 5,339.5.

The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5,407.5 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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11 Jun

Catatan

Great beginning for a trade, let’s hope it goes further!