Analysis of the S&P 500: 4200-4250 new pivot point.

What’s on the market now:

Today the index is trading at 4027. In the last trading session, we saw a moderate increase in the index, although during the day there was a lot of volatility in the market, which is associated with an attempt to play a short game with traders. I mentioned this a bit in the trading situation at 7.00 a.m. in my telegram trading channel. As I said earlier globally, the market goes to the level of 4150-4250. However, before this level, we will have several pullbacks that we need to use to open additional long positions, which is what I expect in my forecasts.

What today:

Today at the open I expect that the index will continue its growth to the level of 4050 – 4080. But since there are new volumes in the market, there is still a possibility of sharp movements and a rollback of the index to the level of 4000 is possible. But if this attempt is broken, then we will see a sharp increase in the index to level 4110-4150.

Here are my trading recommendations for today 11.24.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 4150, 4250 level, this would be an ideal place to sell, limit your losses.

• If you want to buy:

Long positions are possible on a rollback from the level 3970-4000, 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 3970 level. If you want to open a short position, then it is better to do it from the level of 4110, 4250. 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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