4-hr US TECH: Strong Bullish Momentum
On the 4hr chart we can see the 20 MA crossing above the 60 MA, which is a positive bullish sign. The market is already hot, with the RSI dramatically overbought. Before going long, traders might wait for a pullback to retest the zones around 20 890 (23% Fib) or 20 700 (38% Fib).
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.