Analysis of the S&P 500 index 01.03.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 3883. In the last trading session, we saw a decline to the target zone and a reversal of the index that I mentioned earlier. Now I expect a positive mood in the market. As I said earlier, globally, the index goes to the level of 3983 – 3963. Where we will need to look for opportunities to open short positions.
What today:
Today, at the opening of the market, I expect the index to try to drop to the level of 3860-3846. However, if this attempt is broken, then we will see a sharp increase in the market to the level of 3965. The market remains positive.
Here are my trading recommendations for today 01.03.23
What I recommend:
- If you want to open a short position:
Short positions are possible from 3980 level, limit your losses
- If you want to buy:
Long positions are possible on rollbacks, 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 on rollbacks, limit your losses. If you want to open a short position, then it is better to do it from the level of 3980. 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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