FX:SPX500 S&P 500 index of US listed shares
Price bounces from the 2186.50 and we have several signals for opening short trades. We have reversal chart patterns as , we have reversal pattern and confirmation from and . Also DMI allows open short trades. And we should try to catch the possible down movement. Entry level is below Moving Average 50. Stop must be placed above the local swing high and target is Moving Average 100.
Trade closed: target reached