Analysis of the S&P 500 index 12.23.22
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What’s on the market now:
Today the index is trading at 3858. Yesterday we saw the sharp drop in the index that I mentioned earlier. However, I believe that the correction is not over yet. And the market may drop to the level of 3730-3660. But now the index still has one last chance to rise, but if this attempt is broken, then we will see a sharp drop to the level of 3750 and below.
What today:
Today at the opening of the market the index will make another attempt to rise to the level of 3887-3875. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3730 and bellow.
Here are my trading recommendations for today 12.23.22
What I recommend:
- If you want to open a short position:
Short positions possible from 3875-3887 level, limit your losses
- If you want to buy:
Long positions are prohibited, 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 pullback or from 3745-3706 level. If you want to open a short position, then it is better to do it from the level of 3875-3887. 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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