Overbought zone
When the SPX500 daily chart shows divergence, and the market breadth index is in an overbought or oversold condition, these are key trading opportunities.
Currently, we see that the market breadth index has entered the overbought zone.
Once the SPX500 daily RSI shows a divergence signal, it will be time to short.
There may be a period of consolidation, so we need to wait.
Currently, we see that the market breadth index has entered the overbought zone.
Once the SPX500 daily RSI shows a divergence signal, it will be time to short.
There may be a period of consolidation, so we need to wait.
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