SP500 Technical Analysis ES1! futures S&P 500 Index 2-15-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 4132. Yesterday we saw a sharp rise in the index and a market reversal from the level of 4180, followed by a stabilization in motion, which I mentioned earlier.The market is currently in a positive mood. However, large funds are not ready to buy, they are waiting for better prices. A good price for them would be the level 4030-4010. However, the market still has a chance for the last push.
Since globally the market goes to the level of 4310-4450. If this growth attempt is frustrated, then we will see a sharp decline in the index to the level of 4030-4010.
If you haven’t seen yesterday’s index analytics, you can check it out here.
What today:
Today at the open of the market, I expect the index to try to rise to the level of 4150. Then the index will have the opportunity of a sharp decline to the level of 4030-4010. However, if this attempt is broken, we will see the index rise to 4220.
Here are my trading recommendations for today 2-15-23
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 4032-4010, 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 4032-4010, limit your losses. If you want to open a short position, then it is better to do it from the level of 4310. 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.
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