Today we are here to talk about the SXP 500 index.
Today: The index is trading at 3930. In the last trading session, we saw a new bottom of the market at 3858. Since there is no profit taking in the market for players, this tells me that the stop of this fall will be at the level of 3820 - 3740.
What's on the market now:
Globally, the index goes to the level of 38 20 - 37 40
What are we waiting for today:
An attempt to stabilize the price to 40 35 and the entry of new players into the market, and then the continuation of the price movement to the level of 3820 - 37 40
What I recommend:
If you want to go short:
It is better to open short positions from the level of 40 35, limit your losses.
If you want to buy:
Long positions are possible below 3820 - 3740, limit your losses.
If you outside the market:
You can sell from 4050 or wait until the market bottoms around 3820-3740.
If you want to ask a question about an idea:
If you would like more information, please contact me in the comments below.
Also take a look at my profile for a full SPX 500 daily trading history. Contact me in 1 or 2 days for further trading advice.
Like and subscribe, thanks!
See you next time.
Today: The index is trading at 3930. In the last trading session, we saw a new bottom of the market at 3858. Since there is no profit taking in the market for players, this tells me that the stop of this fall will be at the level of 3820 - 3740.
What's on the market now:
Globally, the index goes to the level of 38 20 - 37 40
What are we waiting for today:
An attempt to stabilize the price to 40 35 and the entry of new players into the market, and then the continuation of the price movement to the level of 3820 - 37 40
What I recommend:
If you want to go short:
It is better to open short positions from the level of 40 35, limit your losses.
If you want to buy:
Long positions are possible below 3820 - 3740, limit your losses.
If you outside the market:
You can sell from 4050 or wait until the market bottoms around 3820-3740.
If you want to ask a question about an idea:
If you would like more information, please contact me in the comments below.
Also take a look at my profile for a full SPX 500 daily trading history. Contact me in 1 or 2 days for further trading advice.
Like and subscribe, thanks!
See you next time.
