On higher time frames it would appear that the SP500 futures are in a range. Due to that I'm looking at the extremes of the range as an overbought and oversold level and intend on fading the extremes if there is a trigger.
Price could break out to the top or bottom side and it would be very interesting if that were to happen. I believe that to be unlikely given the tendency of the market to continue with it's current behavior but it is certainly not an impossibility.
Check out the video for more info. Y'all take care!