Analysis of the S&P 500 index 12.19.22
What’s on the market now:
Today the index is trading at 3895. Last Friday we saw an attempt to stabilize the market and a slight increase in the index. The 3885 level has become the level at which market traders will attempt a market reversal. I expect that the index will make another attempt to rise to the level of 3935-3950. However, if this attempt is frustrated, then we will see a sharp drop in the index to the level of 3845-3825, which I mentioned earlier.
Now the market has 2 important levels
1. Level 3840-3825
2. Level 3750
What today:
Today my expectations remain the same as on Friday. I expect that the index will try to rise to the level of 3935-3950 at the opening of the market, but if this attempt is broken, then we will see a sharp drop in the index to the level of 3845-3825.
Here are my trading recommendations for today 12.19.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 3935-3950 level, limit your losses.
- If you want to buy:
Long positions are possible from pullbacks or from the 3845-3825, but 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 are possible from pullbacks or from the 3840-3825,3735 level. If you want to open a short position, then it is better to do it from the level of 3935-3950. 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.
Click the thumbs up if you agree with today’s trading idea. Also remember to contact me in 2 or 3 days for further trading advice. If
you have any questions about analytics and my trading logic, then I recommend that you read the FAQ section. Also share a link to my blog, it will greatly help in its movement.
Follow me on Twitter to stay up to date on S&P 500 index. Also visit my about me page to get to know me better. If you like the content of my blog, you can make a donation to support the blog.
