S&P having a very interesting cycle.It had a strong rally in the previous weeks and close to the highs.
Everybody is waiting for a correction now.
The maximum level of the correction is the 200 EMA . No more...
The RSI is already at oversold levels just like the prevoius reversals. So we might tag the 200 EMA and maybe not.
But we will run to new highs soon in the following weeks.
Everybody is waiting for a correction now.
The maximum level of the correction is the 200 EMA . No more...
The RSI is already at oversold levels just like the prevoius reversals. So we might tag the 200 EMA and maybe not.
But we will run to new highs soon in the following weeks.
