VukmanManic

Price Level Rejection and RSI Overbought SPX500 (Short)

Short
FX:SPX500   S&P 500 Index
3
SPX500 is definitely in a uptrend, and even though there is a price resistance @ 1897, this kind of price action are usual for SPX500. (Thus I believe we are going to break that level)
We can see a rejection on previously mentioned level, but also RSI Negative Divergence confirming price reversal on that level.

Have a nice trading week,

V.

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