Technical Analysis – US500 Stock Index maintains upside momentum, bullish outlook
Posted on September 21, 2017 at 10:39 am GMTUS500 stock index hit another all-time high on Wednesday, reaching 2508.67 as the index shows no sign of diverting from its longer-run uptrend. The near-term bias remains strongly bullish as the MACD continues to rise and is above its red signal line, and the RSI has been edging higher. However, the upside momentum could be weakening as the MACD histogram appears to be peaking, while the RSI is flirting with overbought territory. Further upside could see prices targeting the 2535 [..]