US500 Is Going Up! Buy!

Here is our detailed technical review for US500.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 4138.7.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 4175.8 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.

Like and subscribe and comment my ideas if you enjoy them!