FX:SPX500 S&P 500 index of US listed shares
Looking back the trend, we could try a long position in this asset taking into account that the SP500 index is in the lower part of the trend channel, but analyzing the technical indicators in the , these are giving us an alert about that this asset would be overpriced. So, we are going to wait for a confirmation in the price. If the price break down the we are going to go short when the price rebound and gets close again the . But, if the price rebound in the to go up, continuing the trend, we go long if the next candle is a one.