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tradingswift

SPX 500 above 200 weekly MA

Short
S&P 500 Index (FX:SPX500)  
tradingswift  
FX:SPX500   S&P 500 Index
Technical Indicators S&P 500 (SPX500) SPX (S&P 500 Index) spxshort spx500short shortsetup spyshort SPDR S&P 500 ETF (SPY) shortsignal
2
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indicator spx500 spx spxshort spx500short shortsetup spyshort spy shortsignal
After a drop of 28% from the peak, SPX has bounced up after touching the 200 weekly moving average.

It does not indicate a trend change but rather seems like a bull trap in the overall bear market.

FED is meeting between 1-2 November and volatility is expected.

If you are entering longs, protect your profits with tight stop loss.

Things can turn down again very soon.
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