Is the Market Overbought on the USD 500?

Is the Market Overbought on the USD 500?

 

Is the US 500 overbought at these levels?  I am thinking that between now and the end of the week we have good possibilities that market could have some selling pressure. Yes, the US 500 is in a clear bull channel but the RSI hitting above 70 indicates which tells us that the market could be overbought. Looking at the 2698 price level as a possible short-term top  and you could even say we have a possible double top formation so between now and the end of the week I am looking for opportunities to get short the US 500.

In this video, I look at three ways that I can get short the US 500 between now and the end of the week using binary options.  

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