S&P 500 Index Analytics on 09/29/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3719. Yesterday we saw a sharp rise in the market and the formation of a new peak at 3736. As I said earlier, the market is now in a slight correction. I expect the top of this correlation to be at 3760 – 3785.
What today:
At the open, I expect the movement to stabilize, and then the market will try to rise above the level of 3760. But if this attempt is broken, then there will be a possibility of a sharp fall in the market.
Here are my trading recommendations for today 09/29/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3760, limit your losses. - If you want to buy:
Long positions are prohibited. There is a possibility of a sharp fall, limit your losses. - If you are not in the market:
Long positions are prohibited. Short positions are possible from the level of 3760, limit your losses.
KVATOO
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