Tag: Technology Select Sector SPDR ETF

S&P Overbought But Momentum Remains Supportive

overbought conditions have returned on a daily basis but momentum remains supportive so downside risk could be limited. It is possible that S&P could continue to drift higher as trading sentiment remains strong. As for strategy, traders should look to reducing exposure into overbought strength or at least buying downside protection for winning positions

S&P Could Test 3000 On Overbought Strength

S&P could continue to drift higher as trading sentiment remains positive. There is a high probability that overbought conditions can be sustained for a few days, potentially allowing for a test of the important sentiment 3000 mark before a significant pullback unfolds

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