Analysis of the S&P 500 (ES1!) index 01.26.23
Signals section has been updated.
What’s on the market now:
Today index S&P500, (ES1!) is trading at 4043. Yesterday, we saw a market reversal at the 3965-3945 level that I mentioned earlier. We also saw a sharp increase that followed after that. Currently, the market is moving to the level of 4070, where a slight correction to the level of 4025-4005 is possible. Currently, the market has every chance for a sharp increase. However, this positive attitude is experienced only by small players. The big players are still on the sidelines. This is not surprising, since the logic of making trading decisions is different for them. Currently, large funds will be ready to invest in the market from the level of 3880-3855.
At the moment, the market is going up to the level of 4160 and above. I believe that the market target in the next month will be the level of 4260 and above.
What today:
Today, at the market opening, I expect that the index will make an attempt to drop to the level of 4005, where it will make another attempt to increase the index. However, if this attempt is broken, we will see a sharp drop in the index to the level of 3880,limit your losses. But such an event seems unlikely to me. Because there are many long orders in the market.
Here are my trading recommendations for today 01.26.23
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 4000-3880-3855 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 from 3880-3855, 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.
