SP500 ready for pullback?Hi Guys,
The US 500 seems to be in a pretty good position for a pullback/ sell opportunity.
It is currently at the 1.618 retracement and 2.0 retracement of its two previous pullbacks and looks like its finding resistance at the current level.
1 hour RSI is showing divergence and a break of the descending triangle and retest would be good entry with chart or candlestick pattern.
As has been the case for a while now, I will be looking to add a long position at one of the demand zones/ support areas below.
Safe trading all