S&P 500: At the edge… Prepare for sudden movements.

2022년 11월 8일

Analysis of the spx 500 index 11/08/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.

What's on the market now:
Today the index is trading at the level of 3806. Yesterday, as I expected, the index kept its movement to the zone 3820-3045, I wrote about this earlier. However, at the moment, a situation has formed on the market in which the market may fall sharply to the level of 3440. Today, a lot will depend on the results of the US elections, but at the moment there is a lot of free money on the market that can be thrown into the market, and this could happen today. Which is likely to cause the market to ideally crash to 3440 and below.

What I'm looking forward to today:
Today at the opening, I expect the index to try to rise to the level of 3820-3845. However, if there are large volumes on the market, then there is a possibility of a sharp movement of the market to the level 3440, so long positions are prohibited.

Here are my trading recommendations for today.

What I recommend
If you want to go short:
Short positions are possible from the 3820-3845 level, try to sell on the market reversal but limit your losses.
If you want to go long:
Long positions are prohibited, limit your losses.
If you are out of the market:
Long positions are prohibited, limit your losses. If you want to open a short position, then it is better to do it from the level of 3810-3845, limit your losses. But if you see anomalous behavior in the market, like a sharp rise, then it is better to stand aside, although the potential for growth to the level of 3970-4050 remains, but at the moment such an event is unlikely.

Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index . Press your thumbs up. This will give me more motivation.

See you next time!
Bye!
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my and you will always be aware of the movement of the S&P 500 index. Press your thumbs up. This will give me more motivation.

See you nLong positions are possible from the level of 3750, but it is risky. If you want to open a short position, then it is better to do it from the level of 3970, limit your losses.
ext time!
Bye!