S&P 500 Index Analytics on 10/10/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3639. And in the last trading session, we saw a sharp drop in the index to the level of 3670-340, which I mentioned earlier. As you remember, globally, the market goes to the level below 3500, however, the market today will have the last attempt to sharply reach the level of 3870.
What today:
Today, I expect an attempt to stabilize, and then an attempt to increase the index. However, if this attempt to rise is broken, the market will head to the area below 3500.
Here are my trading recommendations for today 10/10/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3870, limit your losses. - If you want to buy:
Long positions are possible from the level of 3640. But there is a possibility of a sharp fall in the market to the level of 3500-3465, limit your losses. - If you are not in the market:
Long positions are possible from the 3640 level, limit your losses. If you want to open a short position, it is better to do it from the level of 3870-3900.
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