SP500 Technical Analysis ES1! futures S&P 500 Index 2-21-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4063. There was little activity in the market yesterday, but today this is all about to change. The market is in the zone of a possible sharp drop to the level of 4026-4002, which I mentioned earlier. This is mainly due to the fact that large funds do not see an opportunity to invest. And small players cannot move the market. At the same time, they become the prey of experienced speculators.
I continue to believe that the market is still in the rising phase. And so our main position should be long.
On a global scale, the market goes to the level of 4310 – 4450 and remains positive, but now the market is in a complex correction.
If you haven’t seen yesterday’s index analytics, you can check it out here.
What today:
Today, at the beginning of the trading day, I expect that the index will make an attempt to drop to the level of 4026-4002. Where can we look for opportunities to increase our positions.
Here are my trading recommendations for today 2-21-23
What I recommend:
- If you want to open a short position:
Short positions are prohibited.
- If you want to buy:
Long positions possible on pullbacks from 4026-4002, 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 from 4026 – 4002, limit your losses. If you want to open a short position, then it is better to do it from the level of 4310.
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 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. If you like the content of my blog, you can make a donation to support the blog.
