RISKY - QUICK LOOK ON A LONGER TIMEFRAME - S&P500 -ES1!- MONTHLY
Thank you for your likes and shared! Really Appreciated! This is not financial advice, just an idea shared on the market.
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A quick look at the ES1! S&P500 Mini Futures price. When you look it from longer timeframe, like here, monthly one, you will start to see this probably limited uptrend as it takes a parabolic direction. It is not Crypto but the S&P500.
The parallel volume shows that strong selling powers were involved but failed to turn the curve down. But, tracing just a simple line, shows a possible divergence. Is the S&P500 overbought ? Share you ideas.
As the world restarts to come back to life slowly, will the market do the "right" correction ? are you actually ready ?
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A quick look at the ES1! S&P500 Mini Futures price. When you look it from longer timeframe, like here, monthly one, you will start to see this probably limited uptrend as it takes a parabolic direction. It is not Crypto but the S&P500.
The parallel volume shows that strong selling powers were involved but failed to turn the curve down. But, tracing just a simple line, shows a possible divergence. Is the S&P500 overbought ? Share you ideas.
As the world restarts to come back to life slowly, will the market do the "right" correction ? are you actually ready ?
