SPX500USD Is Going Up! Buy!
Here is our detailed technical review for SPX500USD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 4138.3.
Considering the today's price action, probabilities will be high to see a movement to 4216.4.
P.S
Please, note that an overbought condition can last for a long time, and therefore being overbought doesn't mean a price rally will come soon, or at all.
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