SXP500 Index: Reversal of the 3750 - will it be?
Today we are here to talk about the SPX 500 index [/ b]
Today: The index is trading at 3821 and in the last trading session we saw the development of the correction I talked about earlier. Here is a link to the idea.
Today at the beginning of the trading day I expect the stabilization of the movement, and then the subsequent movement of the price to the level of 3735 - 3700. I believe that the market has dropped to the zone 3750 and there will try to turn to 40 00. However, if the market of this level, further market movement in the zone 3550 - 3480 is possible.
Today we are waiting for:
Today, as yesterday, I expect the market to decline in the zone 3780 - 3750, but if this trend is broken, the market will continue to grow to the level of 4050-4000
What I recommend:
If you want to open the short:
It is better to open short positions from the level of 4010 - 4050, but limit your losses.
If you want to buy:
Buying is too risky now. However, if the market is a positive scenario, you can enter the market from the level of 3750 - 3700.
If you are not in the market:
If you are out of market. I recommend you open short positions from the level of 4010 - 40 50. But if you want to buy, I recommend you to open a long position from the level of 37 00.
Like and subscribe, thank you!
Also don't forget to contact me in 2 or 3 days for further trading advice.
Don't forget to like, it really motivates me to share my knowledge of the market. Subscribe to me and you will always be aware of the movement of the SPX 500 index. [/B]
See you next time!
Bye!
Today: The index is trading at 3821 and in the last trading session we saw the development of the correction I talked about earlier. Here is a link to the idea.
Today at the beginning of the trading day I expect the stabilization of the movement, and then the subsequent movement of the price to the level of 3735 - 3700. I believe that the market has dropped to the zone 3750 and there will try to turn to 40 00. However, if the market of this level, further market movement in the zone 3550 - 3480 is possible.
Today we are waiting for:
Today, as yesterday, I expect the market to decline in the zone 3780 - 3750, but if this trend is broken, the market will continue to grow to the level of 4050-4000
What I recommend:
If you want to open the short:
It is better to open short positions from the level of 4010 - 4050, but limit your losses.
If you want to buy:
Buying is too risky now. However, if the market is a positive scenario, you can enter the market from the level of 3750 - 3700.
If you are not in the market:
If you are out of market. I recommend you open short positions from the level of 4010 - 40 50. But if you want to buy, I recommend you to open a long position from the level of 37 00.
Like and subscribe, thank you!
Also don't forget to contact me in 2 or 3 days for further trading advice.
Don't forget to like, it really motivates me to share my knowledge of the market. Subscribe to me and you will always be aware of the movement of the SPX 500 index. [/B]
See you next time!
Bye!
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