Analysis of the S&P 500 index 12.09.22
What’s on the market now:
Today the index is trading at 4011. Yesterday we saw the index rise to the target zone 3983-3968, which I mentioned earlier. Where the index attempted a reversal that was broken, causing the index to surge. As I said earlier, the market remains positive, but now the market is going to the level of 4040-4025. If the index reverses here, the target will be the level of 3870-3840. However, if this attempt is broken, then we will see a sharp increase in the index to the level of 4150 and above. Today I expect the index to make an attempt to rise to the level of 4040-4025.
What today:
Today, at the opening of the market, the index will make an attempt to rise to the level of 4040 – 4025. After that, it will try to stabilize and make a reversal. But if this attempt is broken, then we will see a sharp increase in the index to the level of 4150-4200.
Here is a chart showing the best places to trade today.
Here are my trading recommendations for today 12.09.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 4040 level, limit your losses.
- If you want to buy:
Long positions are possible on a rollback from the level 3870-3840, 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 the 3870-3840 level. If you want to open a short position, then it is better to do it from the level of 4040. 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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