US500 Is Very Bearish! Sell!

Sep 10

Please, check our technical outlook for US500.

Time Frame: 10h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is testing a major horizontal structure 5,477.28.

Taking into consideration the structure & trend analysis, I believe that the market will reach 5,392.64 level soon.

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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Sep 11

Note

Great beginning for a trade, let’s hope it goes further!