Analysis of the S&P 500 index 12.02.22
What’s on the market now:
Today the index is trading at 4076. Yesterday afternoon we saw the market stabilize, the index hit our targets I mentioned earlier. And although there is a positive mood on the market, today the index will have the last attempt to start rising towards 4150. However, if this attempt is broken, then we will see the index roll back to the level of 4030-4010.
What today:
Today I expect that the index will try to stabilize and drop to the level of 4030-4010, after which it will continue its growth to the level of 4150. However, at the opening, the index will have a chance to start its growth to the level of 4150. Be careful.
Here are my trading recommendations for today 12.02.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 4150 level, limit your losses.
- If you want to buy:
Long positions are possible on a rollback from the level 4030-4010, but 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 the 4030-4010 level. If you want to open a short position, then it is better to do it from the level of 4150. 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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