Attempt to rise to the level of 3980. Will there be a turn to 3870 here?

Today the index is trading at 3945. As I mentioned earlier, the index made an attempt to grow, but the growth of the index was insignificant. Now the market is still likely to fall to the level of 3870. However, I believe that it is too early to talk about the end of this sudden correction and the index should still fall to the level of 3905-3870. We also need to remember that globally the market is still positive right now.

What today:

Today, at the opening of the index, will make an attempt to rise to the level of 3968-3983,. But if this growth attempt is broken, then we will see the index moving towards the level of 3882. An anomalous event for today will be a sharp increase in the index.

Here is a chart showing the best places to shop today.

Here are my trading recommendations for today 12.08.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 3983 level, limit your losses.

• If you want to buy:

Long positions are possible on a rollback from the level 3905-3870, 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 3905-3882 level. If you want to open a short position, then it is better to do it from the level of 3983. 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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