3 min readS&P500 (SDX):
The S&P 500 has shown strong price momentum over the past few weeks, reaching new all-time highs. For the first time in history, it’s trading above $5,800. If the price pulls back, I’ll be watching the internal ascending trend line closely to see how it holds as potential support, especially since it aligns with the daily 50 EMA.
The RSI indicator isn’t currently signalling that the market is “overbought,” suggesting there may still be room for upward movement. However, I’ll be closely monitoring to see if we approach or exceed the critical 70% level, which could indicate a shift in momentum.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
