SPX500USD Will Go Up From Support! Buy!
Here is our detailed technical review for SPX500USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 5188.9.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 5282.3 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!