Analytical review of the spx 500 index on 06/27/22
Today we are here to talk about the SPX 500 index.
Today: The index is trading at 3911, yesterday we saw a sharp increase. During the last trading session, the market moved into the expected zone at the level of 3850 and consolidated well above it. And frankly, it’s worrisome. However, from a technical point of view, any peak is by its nature a sharp impulse, and being on top of it means always being against the market.
Today:
I expect the development of a correction in the market and stabilization of prices. However, if this does not happen and there is a positive mood in the market, then the level of 4050 will become the closest zone to a reversal. In addition, if a positive scenario develops in the market, this can greatly affect the market as a whole.
Today we are waiting for:
Today I expect the market to stabilize. Perhaps with rap at the opening.
What I recommend:
If you want to open a short position:
it is better to open short positions from the level of 40 50, but limit your losses.
Positions open at 3850. – Limit your losses.
If you want to buy:
Buying now in the market is too risky. If you want to buy, it is better to wait for the market bottom around 3550-3480 and buy there.
If you are not in the market:
you can try going short from the 4050 level or wait until the market bottoms around 3550-3480 and then buy.
Also remember to contact me in 2 or 3 days for further trading advice.
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See you next time!
Goodbye!
