Analysis of the S&P 500 (ES1!) index 01.10.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 3916. Yesterday the market peaked at 3950 and started the correction I mentioned earlier. Globally, the market has every opportunity for a sharp rise to the level of 4160 and above. Also, large players have assets for this.
But to get in, they need a better price than there is now. This price is likely to be the level of 3865. But the current price also seems attractive for long positions.
What today:
Today, at the opening of the market, I expect the ES1 index! will try to rise to the level of 3945. However, if this attempt is broken, we will see a decline to the level of 3865. But if there are large players in the market, we will see a sharp increase to the level of 4010 and above.
Here are my trading recommendations for today 01.10.23
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 on rollbacks, 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 on rollbacks, 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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