S&P500 index tested support level yesterday. It should be noted that he is very weak. Therefore, there is a high risk that this support will be pierced and the market will tumble down.
It is very difficult to say. One option – to take your profits – has already had to be made last or this week.
Another option – to wait and observe the market. S&P500 index’s weekly chart does not show bear market’s signals. The market is likely to go flat. However, if the market continues to tumble down, it is advisable to close all long position and take profits.
Well, if the market continues its decline, let’s open short positions and try to earn in the bear market.