The S&P 500 index made ATH (all time high) at 4817 and, like Dow Jones, could not stay long at these historical levels and dropped sharply to 4581. The probability for a deeper correction in the US Indices is high and we have loaded our STS_RSI_Breakout_Bot on the Daily Chart to open a short position if the price falls below the last low point after the peak - 4581 and RSI 6 period of the Daily Chart decreases to 30 or less.
The Bot is set to close the position in reverse RSI - values above 70, regardless of whether the position is at profit or loss. By managing the trade this way (dynamically), we have the opportunity to stay in the position long enough and efficiently, and to get the maximum profit.
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