SPX500USD Is Very Bullish! Buy!
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Take a look at our analysis for SPX500USD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 4366.0.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 4442.2 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.
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