SP500 DAILY CHART
Looking back the trend, we could try a long position in this asset taking into account that the SP500 index is in the lower part of the trend channel, but analyzing the technical indicators in the daily chart, these are giving us an alert about that this asset would be overpriced. So, we are going to wait for a confirmation in the price. If the price break down the trend line we are going to go short when the price rebound and gets close again the trend line. But, if the price rebound in the trend line to go up, continuing the trend, we go long if the next candle is a bullish one.
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