theforexportal

SELL SPX500 under 2322

Short
SP:SPX   S&P 500 Index
March put in an indecision doji candle and May appears to be doing the same. Coming at the end of a strong BULL run, this clearly shows there are increasing doubts as too how much further SPX500 BULLS can push the price higher.
The Monthly RSI reads 71.16 slightly down from last month and but still in overbought territory. If we dip below 70 this could be a good time to SHORT this market.
Look to SELL this market under 2322 with a STOP at 2340.