SPX500 reached an all time high and now bulls keep being rejected at 2280s level which appears to be a good resistance.
US Dollar entered a period of pressure and Trump already abandoned 'strong dollar' rhetoric saying that high USD value actually could be bad for US economy.
RSI pre-dominantly stays below 50% which further makes bull supporters question if there are any valid reasons for a further increase of SPX500.
1h chart has Moving Averages crossing in a bearish direction.
US Dollar entered a period of pressure and Trump already abandoned 'strong dollar' rhetoric saying that high USD value actually could be bad for US economy.
RSI pre-dominantly stays below 50% which further makes bull supporters question if there are any valid reasons for a further increase of SPX500.
1h chart has Moving Averages crossing in a bearish direction.