SPX500 New lower trend line? LONG

Hello! With a short trader experience, my first release.

In short, here I see a possible turning point, will the trend bounce upwards?

The figure shows the support levels and possible stop loss and take profit levels with a blue line.

I take a long position at this point 4397 with little leverage.
Stop loss below 4330 and take profit 4540.

Traded duration estimate 1 week.


Thanks for any comments in advance!