SP500 Technical Analysis ES1! futures S&P 500 Index 4-14-23
Today’s Market Overview:
Yesterday, we saw the index begin to rise after a minor stabilization that I mentioned before. By the end of the trading day, speculators removed their sell orders, allowing the market to grow to the 4170 level.
At present, the market is ready to continue its growth to the 4220-4232 range, which I’ve been discussing for the past week. However, today I am adjusting my expectations, and I think the peak will be at the 4250 level, from which a correction will begin.
Along the way to 4250, we can expect a few minor corrections or stabilizations in the movement, one of which may occur today upon market opening. However, overall, the market remains positive and is moving towards the 4310 level, which I’ve been constantly talking about since the beginning of this year.
If you didn’t see my analysis yesterday, you can check it out here.
What to expect today:
Today, at the market opening, I expect the index to make a small attempt at stabilization. Afterward, the index will continue its growth to the 4250 level, where medium-term investors will lock in their profits. Currently, the market has all the opportunities for a sharp continuation of the index growth.
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