Today we are here to talk about the SPX 500 index.
What's on the market now:
The index is trading at the level of 3788. Currently, we see a developing correction with its end in the area of 3735-3700. In this zone, the market will have a chance to reverse and move up to the level of 4050. However, if the market does not have enough strength, then we will see a sharp movement of the market to the level of 3580-34 80.
Today we are waiting:
In the current trading session, I expect the market to decline to the level of 3750 - 3700. But if this does not happen, then the market may develop from the current levels and begin its upward movement. It is this movement that I call the "big game"
What I recommend:
If you want to go short:
It is too early to open short positions now, it is better to open them from the level of 4050, limit your losses.
If you want to buy:
You can buy the index now, but limit your losses. Better buy below around 3735.
We need to watch the level at 3700 as this will be the critical point where there will be an opportunity to enter the market. In doing so, we need to limit our losses.
If you are not in the market:
If you are out of the market. I recommend that you try to go short around 4050 - 4150. But if you want to buy, then I recommend that you go long from the 3700 level. Remember to always limit your losses.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
What's on the market now:
The index is trading at the level of 3788. Currently, we see a developing correction with its end in the area of 3735-3700. In this zone, the market will have a chance to reverse and move up to the level of 4050. However, if the market does not have enough strength, then we will see a sharp movement of the market to the level of 3580-34 80.
Today we are waiting:
In the current trading session, I expect the market to decline to the level of 3750 - 3700. But if this does not happen, then the market may develop from the current levels and begin its upward movement. It is this movement that I call the "big game"
What I recommend:
If you want to go short:
It is too early to open short positions now, it is better to open them from the level of 4050, limit your losses.
If you want to buy:
You can buy the index now, but limit your losses. Better buy below around 3735.
We need to watch the level at 3700 as this will be the critical point where there will be an opportunity to enter the market. In doing so, we need to limit our losses.
If you are not in the market:
If you are out of the market. I recommend that you try to go short around 4050 - 4150. But if you want to buy, then I recommend that you go long from the 3700 level. Remember to always limit your losses.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge. Subscribe to me and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
