Market SLAMS into Danger Zone with OVERBOUGHT signal (will it halt the bulls?) The major stock markets, such as the S&P 500, Dow Jones and the Nasdaq have seen incredible momentum moves to the upside. Price action has now likely reaching some key resistance levels. We have trendline resistance with overbought conditions. What could this mean? Could this increase the odds of a short term pullback or correction? We look at the charts. TA Video by Alessio Rastani.
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