Analysis of the S&P 500 (ES1!) index 01.13.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 3963. Yesterday was a very interesting day at the market. This day changed some plans. At the beginning of the day, we saw a sharp increase in the index to the level of 4010-4020, the fall of the index to the target zone at 3960, which I mentioned earlier. After that the market recovered, which caused some confusion.
Only closer to the middle of the night this issue was resolved and the index began to fall.
There is a slight correction in the market right now as I expect the correction to last 2-3 days and bottom out at 3900-3930. But if this attempt is broken, we will see a sharp increase to the level of 4160.
What today:
At the opening of the market, I expect the index to drop to the level of 3950, and then try to rise to the level of 3990.
Here are my trading recommendations for today 01.13.23
What I recommend:
- If you want to open a short position:
Short positions are possible from 4160 level, limit your losses
- If you want to buy:
Long positions are possible from 3930-3900 level, 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 possible on pullbacks, limit your losses. If you want to open a short position, then it is better to do it from the level of 4160. Limit your losses.
Please note that my S&P 500 ES1! 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.
Click the thumbs 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 section. 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. If you like the content of my blog, you can make a donation to support the blog.
