xosignals

If you already sell, then now even more! #SP500

Short
OANDA:SPX500USD   S&P 500 Index
We recommend a sell signal although the trend is bullish and very risky to trade against the trend, the reasons are:
1. In the daily graph, we have a Double top and a stochastic that started its decline.
2. On the weekly chart according to the Stochastic, we are completely overbought (looking at the past we can see that this did not always cause significant declines)
3. On the monthly chart according to the Stochastic, we reach the last top line of the overbought
Our target 2775
Current price: 2928
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.