SP500 over extended, anticipating pullback
Far overextended making gains through all the news
On the monthly its been above the upper band, however it finally touched the upper band on the weekly...
If this idea stands true, pull back should be right around the corner...
I imagine it could pullback to red box, or red line at most
Somebody suggested 3330 could be the reversal, this may be true as its currently making bearish candles from 3327
but its done this quite a few times over the past month
Do your due diligence
What do you think? Feedback welcome...
On the monthly its been above the upper band, however it finally touched the upper band on the weekly...
If this idea stands true, pull back should be right around the corner...
I imagine it could pullback to red box, or red line at most
Somebody suggested 3330 could be the reversal, this may be true as its currently making bearish candles from 3327
but its done this quite a few times over the past month
Do your due diligence
What do you think? Feedback welcome...
Penafian
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