Analysis of the S&P 500 index 11.30.22
What’s on the market now:
Today the index is trading at 3967. Yesterday we saw how the market was trying to turn around from the level of 3970. This was the market’s last chance for growth. Now the index is entering the complex correction stage, as I mentioned earlier. Today I expect the development of a correction and an attempt by the market to drop to the level of 3925, however, if there are large volumes on the market, we will see a sharp drop in the index to the level of 3880-3860 and therefore trading at the level of 3925 may be prohibited.
What today:
Today, at the opening, the probability of movement to the level of 3990 remains. But I expect the index to make an attempt to drop to the level of 3925, however, if there are large volumes on the market, we will see a sharp drop to the level of 3880 – 3860. Today we should pay special attention to the level of 3925. An anomalous event for the market today is a sharp rise.
Here are my trading recommendations for today 11.30.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 4150 level, limit your losses.
- If you want to buy:
Long positions are possible on a rollback from the level 3880-3860, 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 3925-3880 level. If you want to open a short position, then it is better to do it from the level of 4150. 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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