SP500 Technical Analysis ES1! futures S&P 500 Index 2-20-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4080. Last Friday we saw the market stabilize that I mentioned earlier. On a global scale, the market remained positive, but now the market is in a difficult correction. I expect the next place to buy could be the 4025-4007 level. Where we need to look for the possibility of increasing long positions.
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 an attempt to stabilize the market and pull back to the level of 4085 – 4100. After that, the market will try to decline to the level of 4025-4007. Where can we look for opportunities to increase our positions.
Here are my trading recommendations for today 2-20-23
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 4025-4007, 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 4025 – 4007, 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.
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