US500 Will Go Lower! Short!

Jul 14

Take a look at our analysis for US500.

Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The price is testing a key resistance 5,614.6.

Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 5,519.1 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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Jul 25

Trade closed: target reached

That was an excellent trade and the target was reached too!