Possible Long.

SP500 Is reaching a support line, that matches with Fibonacci retracements and the Uptrend line. (MA also supports the idea)
Buying from that area is a good opportunity while risking only 1% of your money. 1:3 Lose/Win ratio.
*DISCLAIMER* I'm not responsible for whatever trade you put in use, I'm only here to share my ideas.
Enjoy!