• May 15, 2024
  • Trade ideas

US500: Trend Reversal?

US500, H4


US500 is navigating an uptrend and testing the crucial resistance at the 5257 level. The RSI oscillator shows a bearish divergence with the asset’s price, signaling a potential bearish sentiment.

  • If the price surpasses the 5257 resistance, it will trigger a rise to 5280 level;
  • However, if US500 rebounded from the resistance, the corrective decline would drop the asset to 5225.


In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.


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Author: Timur Yurdagyul