S&P 500 waiting for overbought of 240 min. If it pass 6427 net resistance is about 6615. at this resistance there is a chance to drop 1 oversold of timeframe 240 min. however, it is on a long up trend, which the mid period target is 6952 (2-4 months). however, during this period it may go direcly to 6952 or down for 1 oversold of timeframe day or 240 min is OK. Note that the very importance supporting line,which should not be lower is at 4841. if it not fall below this point. S&P still on the uptrend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.