SPX500USD Will Go Higher! Long!
Take a look at our analysis for SPX500USD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 4458.0.
Considering the today's price action, probabilities will be high to see a movement to 4478.3.
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.
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