US500- A buy setup coming up

Hello,

A nice correction happening on this pair US500. The S&P 500 Index, also known as the Standard & Poor’s 500 or the US500, is an American stock market index that tracks the performance of the top 500 companies listed on the Nasdaq Stock Market or the New York Stock Exchange. It is a free-floating index covering US firms with the largest market capitalization and book value, representing approximately 80 per cent of the total value of the country’s equity market.

I expect a smaller correction on the US500 lower timeframe before a continuation to the upside. Look for entries on lower timeframes with a target at the top. Stop loss below the bottom. Zero crossover on the MACD to be used as confirmation as well.

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Good luck.