RISKY - QUICK LOOK ON A LONGER TIMEFRAME - S&P500 -ES1!- MONTHLY
Thank you for your likes and shared! Really Appreciated! This is not financial advice, just an idea shared on the market.
___________________________________________________________________
A quick look at the ES1! S&P500 Mini Futures price. When you look it from longer timeframe, like here, monthly one, you will start to see this probably limited uptrend as it takes a parabolic direction. It is not Crypto but the S&P500.
The parallel volume shows that strong selling powers were involved but failed to turn the curve down. But, tracing just a simple line, shows a possible divergence. Is the S&P500 overbought ? Share you ideas.
As the world restarts to come back to life slowly, will the market do the "right" correction ? are you actually ready ?
___________________________________________________________________
A quick look at the ES1! S&P500 Mini Futures price. When you look it from longer timeframe, like here, monthly one, you will start to see this probably limited uptrend as it takes a parabolic direction. It is not Crypto but the S&P500.
The parallel volume shows that strong selling powers were involved but failed to turn the curve down. But, tracing just a simple line, shows a possible divergence. Is the S&P500 overbought ? Share you ideas.
As the world restarts to come back to life slowly, will the market do the "right" correction ? are you actually ready ?
Related publications
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.