S&P OverBought, a pullback is coming.

After a month's amazing rally, S&P is OverBought (Yellow), as shown in "9 Seasons Rainbow Indicator", OverBought appears in 1H, 2H, 4H time frames.
Similar situation appeared on Oct 2018, the difference is the time frame level with OverBought is higher than this time.
In addition, S&P is touching the previous resistance. A pullback is coming.

הערה:

---------- Disclaim ----------02/2019
This is only a personal opinion and does not serve as investment nor trading advice.
You should make their own decisions, carefully assess risks and be responsible for investment and trading activities.

הערה:

SPX500 is dumping as expected, perfect timing.