On the way to the top of the hill.

Today index S&P500, (ES1!) is trading at 3987. Yesterday, at the beginning of trading, we saw how the market hit the level of 3960. Where speculators tried to turn the market around, as I mentioned earlier. However, this attempt was broken and we saw a sharp increase in the index to the target zone of 4010. Now I expect the market to try to make one last push towards the 4010-4020 level. Before the start of the correction, which will last 3-5 days.

Globally, the market has a chance to rise to the level of 4400. But this path will be long and I expect this peak to be reached in March. Of course, on the way to this peak, we will meet several market reversals. And that is why the goals in the signal section have changed.

What today:

At the open of the market, I expect the index to drop to the level of 3965, and then make an attempt to increase to the level of 4010-4020. Major players are afraid to enter the market. But if this happens, then we will see a sharp increase in the index to the level of 4160. Be careful, the market is likely to rise sharply. Short positions are possible from the level of 4160.

Here are my trading recommendations for today 01.12.23

What I recommend:

• If you want to open a short position:

Short positions are possible from 4160 level, limit your losses

• If you want to buy:

Long positions possible on pullbacks, 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 possible on pullbacks,  limit your losses. If you want to open a short position, then it is better to do it from the level of 4160. Limit your losses.

Please note that my S&P 500 ES1! 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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