FX:SPX500   S&P 500 index of US listed shares
149 4 13
Price bounced from Moving Average 50 with RSI confirmation. MACD started rising and gave a signal for a long trade. In spite of ADX is below 20 and it's confirmation that we don't have a strong movement, we can try to make some profit. Entry level is above 2181.00. Stop order must be placed below MA50. Profit target is the resistance level .
Trade closed: target reached
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With VIX trending down and now at 11.36, you stand pat or go long. Were there an abrupt change, my thinking would change.
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