S&P 500 Index Analytics on 09/07/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3908. And yesterday we saw the market stabilize and very high trading volumes, but they were not enough to move the index up. The upward movement attempt was broken. Thus, the market goes to the level of 3815-3790.
What today:
Today, at the opening, I expect the market to rebound to 3956. And then the index will continue to move to the level of 3815-3790. There is still room for growth in the market, but yesterday’s sales have severely limited the possibility of this.The probability of growth by 4030 remains, but is very limited.
Here are my trading recommendations for today 09/07/22
What I recommend:
- If you want to open short:
You can try to go short on the pullback around 3962-3980, limit your losses. - If you want to buy:
Long positions are possible from the level of 3815-3790. Limit your losses. - If you are not in the market:
You can open a long position from the level of 3815-3790. Short positions are possible above 3962, limit your losses.
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