FX:SPX500 S&P 500 index of US listed shares
Price bounced from a resistance level. formed divergence and confirmed price reversal. falls and gives a signal for a possible short trade. ADX also starts falling and it's a signal that strong up movement probably is over. We can think about short trades on the . Place a pending order below MA20 and stop above the resistance level. Profit target is MA50 and if price breaks it, the next target will be MA100.