USTEC 18500
Updated
There is a high probability that USTEC will correct to downside further, into
the coming week.
Momentum is significantly bearish, moving from an OB zone for the ATH , creating Bearish
Divergence , now heading steeply lower.
The RSI has tested 30 on the last correction of April 24. It is likely a similar occurrence will
take place next week.
Price is currently testing the 50 MAV. The 100 MAV is the next target and then the trendline support of 18500.
IF price gets to this level, there should be a sharp reaction to the upside , as this is only the
second test of this trendline.
Overall , the trend is Bullish , as evidenced by the synchrony and separation of the
50/100/200 moving averages.
the coming week.
Momentum is significantly bearish, moving from an OB zone for the ATH , creating Bearish
Divergence , now heading steeply lower.
The RSI has tested 30 on the last correction of April 24. It is likely a similar occurrence will
take place next week.
Price is currently testing the 50 MAV. The 100 MAV is the next target and then the trendline support of 18500.
IF price gets to this level, there should be a sharp reaction to the upside , as this is only the
second test of this trendline.
Overall , the trend is Bullish , as evidenced by the synchrony and separation of the
50/100/200 moving averages.
Note
This index should reach expected value of 18500 tonight....
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.