FX:SPX500 S&P 500 index of US listed shares
Price stopped on MA100 and it''s also MA20 on the weekly chart. We have swing low which will be a good entry level for short trades. and DMI confirm down movement. The same goes about weekly . We can place a pending order below 2108 with targets 2058 and 2000. If price bounces from MA100 with and confirmation, we'll have to think about opening long trades with targets near the . In such way we'll follow up trend on the weekly chart. Short and long trades can be opened on the daily and hourly charts.