S&P 500 Index Analytics on 10/24/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at the level of 3752. Over the past trading day, we saw a slight decrease in the index to the level of 3647. However, there was no fall, the market continued to be in the support zone. As I said earlier, the market goes to the level of 3840. Today the market has every chance to go to the level of 3712. However, if this attempt is broken, then the market will continue its growth to the level of 3840 – 3925.
What today:
At the open today, I expect the market to try to move down to 3715-3680 again. But also in the market there is a possibility of a sharp movement of the market to the level of 1 – 3840.
Here are my trading recommendations for today 10/24/22
What I recommend:
- If you want to open short:
Short positions are possible from level 1 – 3840, level 2 – 3925 this would be an ideal place to sell this week, limit your losses. - If you want to buy:
Long positions are possible from the level of 3715 – 3648. - If you are not in the market:
Long positions are possible from the 3648 level, limit your losses. If you want to open a short position, it is better to do it from the level of 3840-3925, limit your losses.
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