SPX Will Go Lower! Sell!

Take a look at our analysis for SPX.

Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 5,780.02.

The above observations make me that the market will inevitably achieve 5,678.77 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!