Waiting for the last attempt to rise to 4110-4150 before a deep correction, key point.

What’s on the market now:

Today the index is trading at 3965. Last Friday we saw the index approach the 3990-4000 level I mentioned earlier. Also at the end of the day we saw trade entries from experienced players. Today I expect the index to make one last attempt to get out of the sideways movement it has been in for the last 7-10 days. The market still has a chance to continue its movement to the level of 4110, however, there is a small possibility of this. Which is likely to be implemented in the morning. However, if this attempt fails, then the target of the index will be 3860, as I said earlier.

What today:

Today, the index at the opening will have a chance to make the last attempt to rise to the level of 4110-4150. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3860.

Here are my trading recommendations for today 11.21.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 4110 – 4150 level. This would be an ideal place to sell this week, limit your losses.

• If you want to buy:

Long positions are possible from the 3860 level, вut limit your losses.

• If you are not in the market:

If you are out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. Limit your losses.

Please note that my S&P 500 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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