S&P 500 looking Overbought
S&P 500 Beginning to Look Overbought⦠The S&P is currently sitting in extreme overbought territory (95ā96%), while the MACD continues to trend higher. This combination typically signals a short-term pullback within a broader bullish structure.#Traders š Key Takeaways & Strategy⢠We remain in a buy-the-dips environment following the break of the rounding top formation⢠However,…
