S&P500 trade setup

٢٧ أغسطس ٢٠٢٠

There is still room for S&P500 to grow before it makes a correction. It may take several bounces and 3 months before it goes back to 3300 level but currently we are looking for the last buy to 3530 and then sell down from there to 3415
D1 is coming into overbought area and soon it will start showing divergence in RSI. Look for it in H4 first. Overshooting over 3550 will make the idea invalid and buy will continue further.