US 500
Short
Updated

US500 Will Move Lower! Sell!

snapshot
Take a look at our analysis for US500.

Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 5,563.4.

Considering the today's price action, probabilities will be high to see a movement to 5,504.6.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!
Trade closed: target reached
That was an excellent trade and the target was reached too!
snapshot

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.