S&P500 Trading Idea

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. MACD and DMI confirm down movement. The same goes about weekly MACD. We can place a pending order below 2108 with targets 2058 and 2000. If price bounces from MA100 with MACD and RSI confirmation, we'll have to think about opening long trades with targets near the resistance level. 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.