Analysis of the S&P 500 index 12.30.22
What’s on the market now:
Today the index is trading at 3848. Yesterday we saw a reversal and a sharp rise in the index that I mentioned earlier. Today there are few participants in the market, which almost excludes any sharp movement of the index.
What today:
Today at the open of the market, I expect the index to make an attempt to drop to the level of 3828-3815. There is still a positive mood in the market. We will see new trends in the new year.
Here are my trading recommendations for today 12.30.22
What I recommend:
- If you want to open a short position:
Short positions are possible from 3950 level, limit your losses
- If you want to buy:
Long positions are possible from 3815 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 are possible from pullback or from 3815 level. If you want to open a short position, then it is better to do it from the level of 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.
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