SP500 Technical Analysis ES1! futures S&P 500 Index 3-10-23
A few words about the fall of the market.
The current drop in the market is caused by automatic systems that have liquidated traders’ positions in large funds.
Speaking of me: I missed the current fall, I found the error, corrected it. My bad.
What’s on the market now:
Today the S&P500 (SXP) is trading at 3899. Yesterday was the last chance for growth, at the opening of the market, however, the attempt to grow was broken and we saw a sharp drop in the index. This decline was well below my expected 3958 target zone that I mentioned earlier.
If you didn’t see my analysis yesterday, you can check it out here.
What today:
SPX is on the charts today: Today at the open of the market, I expect the market to try to stabilize and try to rise to the level of 3934. After that, I expect the index to continue falling to the level of 3804-3770.
Give me thumb up if you agree with today’s trading idea. Also remember to contact me in 2 or 3 days for further trading advice. If you have any questions about analytics and my trading logic, then I recommend that you read the FAQ. Also share a link to my blog, it will greatly help in its movement. Follow me on Twitter to stay up to date on S&P 500 index. Also visit my about me page to get to know me better.
