S&P500 Starts Falling

We have solid arguments for down movement from the daily chart such as bearish divergence, price reversal from the resistance level confirming by RSI and MACD drop. Possible entry levels can be on hourly charts. Price reached MA100 on 1H chart and reversed. MACD histogram also falls and it's a signal for opening short trades. Place a pending order below MA50 and stop above MA100 or the resistance level. Profit target can be the swing low.

Trade stängt: Stopp nått