S&P 500 Index Analytics on 09/19/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3873. And on Friday we saw the market fall with a slight stabilization at the end of the day. However, as I said earlier, the market continues its movement towards the level of 3815-3790. But today I am changing my expectations and goals for the bottom of the correction. New targets for the bottom of the current correction at 3700.
In addition, now the market has all the prerequisites for the acceleration of the market.
What today:
Today, at the opening, I expect an attempt to stabilize the movement, аnd the market’s attempt to rise to the level of 3920. Where it will be possible to try to open new short positions. However, if this attempt is broken, the market will continue to move down to the level of 3700.
At the moment, the market still has the possibility of a sharp fall, so long positions are prohibited.
Here are my trading recommendations for today 09/19/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3920, limit your losses. - If you want to buy:
Long positions is prohibited, possibility of a sharp fall in the market. Limit your losses. - If you are not in the market:
Long positions are possible at the level of 3700, Short positions are possible from the level of 3920, limit your losses.
Follow me on Twitter to stay up to date with the SPX 500. Also visit my About page to get to know me better. If you like the content of my blog, you can make a donation to support the blog.
