Analysis of the S&P 500 (ES1!) index 01.18.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 4017. Yesterday we saw sideways movement in the market. The market is currently in a bullish phase which I expect to end at 4160 and above as I mentioned earlier. However, the market is still likely to start a slight correction to the level of 3950. But before that, the market should make a final attempt to grow.
What today:
Today I expect the market to make one last attempt to rise. And if this attempt is frustrated, then we will see the beginning of the correction to the level of 3950, which I mentioned earlier. However, the market is likely to rise sharply, so you need to be careful. Short positions are possible from the level of 4160.
Here are my trading recommendations for today 01.18.23
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 3950 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 3950, 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.
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