New levels for index growth. 4280 – we are waiting for a sharp increase in the index.

Today index S&P500, (ES1!) is trading at 4017. Yesterday we saw rapid growth in the market. As expected, the index began to rise, however, the maximum prices were somewhat higher than I mentioned earlier. As I expected yesterday, a correction will begin at this level caused by the profit fixation of speculators. Currently, the index goes to the level of 4240-4280. And the rollback that we are seeing now is insignificant. Now there are 2 decision points on the market. This is the level of 4000 and the level of 3970, which was adjusted for the growth of the index.

I expect this decline may be the last one before the index rises sharply.

What today:

Today I expect the index to make an attempt to go down to the 4000 level. This level is very important. I expect here an attempt to reverse the index and the continuation of a sharp increase. However, if this reversal attempt is frustrated, we will see further decline of the index to the level of 3970. Thus, today I expect a day of decline with a possible reversal of the index at the level of 4000 – 3970.

Here are my trading recommendations for today 01.24.23

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 3970-4000 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 3970-4000,  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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