S&P 500 IndexShort
Overbought, possible short term pullback
S&P looks bearish for the following reasons:
-RSI @ the highest level in so long. ( overbought).
-stochastic: bearish crossover
-Bearish candle on Friday
- over extended ( far away from the moving averages).
We might see a pullback to 4550 level, before the end of the year rally.
Please note:
- I'm just sharing my view. it's not a recommendation for buying or selling.
-RSI @ the highest level in so long. ( overbought).
-stochastic: bearish crossover
-Bearish candle on Friday
- over extended ( far away from the moving averages).
We might see a pullback to 4550 level, before the end of the year rally.
Please note:
- I'm just sharing my view. it's not a recommendation for buying or selling.
“The fact is that if traders really believed that anything could happen at any time, there would be considerably fewer losers and more consistent winners.”
― Mark Douglas, Trading in the Zone
― Mark Douglas, Trading in the Zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
“The fact is that if traders really believed that anything could happen at any time, there would be considerably fewer losers and more consistent winners.”
― Mark Douglas, Trading in the Zone
― Mark Douglas, Trading in the Zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.