S&P500 Index: Waiting for the peak at 4250 – 4370

What’s on the market now:

Today the index is trading at 3991. Yesterday we saw the sharp rise in the index that I mentioned earlier. At the same time index, as expected, updated its highs. When trading futures, the price reached 4050, after which a correction began.

However, this will be a small and insignificant correction. Today I expect the index to develop a rollback to the level of 3920. But the market still has the possibility of a sharp movement of the index to the level of 4110 – 4150, large funds will be forced to reduce positions in bonds.

What today:

Today, I expect an attempt to pull back to the level of 3920, 3860 . However, if this attempt is broken, then we will see a sharp increase in the index to the level of 4110. To follow my recommendations throughout the day, subscribe to my telegram channel.

Here are my trading recommendations for today 11.16.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 4110 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 3900-3860 level, this would be an ideal buy, limit your losses.

• If you are not in the market:

If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 – 3900, 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: https://t.me/Financial_Consultant_1

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