SCHB has been on a strong uptrend since March 2020SCHB has been on a strong uptrend since March 2020 looking at the weekly chart, but it may be due for a correction soon.
The RSI indicator shows that SCHB is overbought, meaning that the buying pressure is exhausted and the sellers may take over.
The MACD indicator also shows a bearish divergence, meaning that the price is making higher highs while the momentum is making lower highs. This signals a potential reversal in the near future.
A possible target for the pullback is the 50-day moving average, which has acted as a support level in the past.
