FX.co ★ Trading idea for S&P 500

The S&P 500 has been declining for four consecutive weeks. This creates problems for investors, but delights speculators.

Objectively, after the 2020 crisis, the benchmark index has not pulled back more than 36,000 pips from its peaks.

This means that now is a good idea to set up buy limits in order to buy out the correction.

Investors can place a long grid of buy limits from the current price with an increment of 1,000 pips. The S & P 500 is a trending instrument that reflects the profitability of the 500 largest American companies, so it is good to trade against corrections. This will surely provoke a strong growth in quotations.

The analysis is based on the grid trading method.

Good luck and have a nice day!