Short - S&P 500 hitting the top of the channel.
The S&P 500 has had quite a run however it looks like it has now reached the top of a larger bullish channel.
The RSI also indicates that it is overbought in the short term and is due a correction, whilst the MACD suggests its about to turn or is on the cusp of turning downwards.
The RSI also indicates that it is overbought in the short term and is due a correction, whilst the MACD suggests its about to turn or is on the cusp of turning downwards.
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.