S&P 500 Index Analytics on 10/25/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at the level of 3797. Over the past trading day, we saw an increase in the index, without any attempt at correction. Today I expect the market to peak at 3860, where the correction will begin. If a slight correction starts today, then its bottom can be expected at the level of 3730. However, if this attempt is broken, then the market will continue its growth. Where you need to look for places to open short positions from the level 3860.
What today:
At the open today, I expect the market to try to drop to the 3743 – 3715 level. However, if this attempt is broken, then the market will continue its growth to the 3860 level.
Here are my trading recommendations for today 10/25/22
What I recommend:
- If you want to open short:
Short positions are possible from level 1 – 3860, level 2 – 3950 this would be an ideal place to sell this week, limit your losses. - If you want to buy:
Long positions are possible from the level of 3652. - If you are not in the market:
Long positions are possible from the level of 3652. Limit your losses. If you want to open a short position, it is better to do it from the level of 3860 -3975, limit your losses.
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