FX:SPX500 S&P 500 index of US listed shares
The zone indicated by the box represents a strong resistance zone. is showing divergence and there is a good possibility of a meltdown at that level. Do not take a trade at the blue zone. Wait for the price to bounce downwards from the level and if it does, wait for an upmove (retracement) and short it on a smaller timeframe.. Preferably 15min.