Analytisng S&P 500 Direction using RSI Tunnels indicator
Using the RSI Tunnel indicator of mine to analyse S&P 500 direction.
As you can see in the chart, it's quite touching the resistance at 3590.
We did get a bullish signal with RSI Tunnel indicator like 6 bars ago.
Be cautious, if it breaks resistance level it will do it strong, otherwise we have pullback.
Note: In case you want to help me test the RSI tunnel indicator, msg me.
It also works well on lower time frames.
LIKE this idea as i will update this idea with the actual results of the s&p500.
As you can see in the chart, it's quite touching the resistance at 3590.
We did get a bullish signal with RSI Tunnel indicator like 6 bars ago.
Be cautious, if it breaks resistance level it will do it strong, otherwise we have pullback.
Note: In case you want to help me test the RSI tunnel indicator, msg me.
It also works well on lower time frames.
LIKE this idea as i will update this idea with the actual results of the s&p500.
Appreciation of my work: paypal.me/dman103
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