Analysis of the S&P 500 index 12.21.22
What’s on the market now:
Yesterday in the market we saw the growth of the index, which I mentioned earlier. At the current time, the market still has potential for growth of the index. The nearest reversal point may be the level of 3905. This level will be a key point in the market. Now it is important for us to see with what force the index will increase to this level.
What today:
Today, at the market open, the index will make another attempt to rise to the level of 3905-3900. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3750. Now we need to start looking for opportunities to open short positions if the market conditions are favorable for this.
Here are my trading recommendations for today 12.21.22
What I recommend:
- If you want to open a short position:
Short positions possible from 3905 level, limit your losses
- If you want to buy:
Long positions are possible from level 3750, but limit your losses.
- If you are not in the market:
If you’re out of the market. Then you need the perfect price to trade. Long positions are possible from pullback or from 3750-3735 level. If you want to open a short position, then it is better to do it from the level of 3905. Limit your losses.
Please note that my S&P 500 analysis is current as of the publication date. In fact, I am arguing that the analysis is correct only at the time of its publication and may be incorrect even a few hours after its publication. This is due to the fact that I analyze the trading volumes that are on the exchanges, and therefore it makes sense for you to follow me on Twitter. Or join my telegram trading channel.
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