S&P500: Extended, expect a brief consolidation to cloud levels!
S&P500: Extended from the cloud, consolidation risk high!
Long-term price action is still above the top end of the cloud and that is bullish. But over the short-term there is consolidation risk down to the top end cloud chart support zones!
Investment strategy is to swing trade the cloud chart rebound from support.
Long-term price action is still above the top end of the cloud and that is bullish. But over the short-term there is consolidation risk down to the top end cloud chart support zones!
Investment strategy is to swing trade the cloud chart rebound from support.
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