The current market situation presents a selling opportunity on the US500. After a recent upward movement, the price is beginning to pull back. The RSI indicates the market is overbought, suggesting a potential correction. A break below 5,710 could confirm the continuation of this downtrend, with a profit target around 5,680, which aligns with a key support level.
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.
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.