Analysis of the S&P 500 index 12.07.22
What’s on the market now:
Today the index is trading at 3938. Yesterday we saw a sharp drop to the 3925-3910 target zone I mentioned earlier. Below you can find a 5 min chart. Which shows in detail my expectations regarding the possibility of entering the market. Globally, the market remains positive. I now perceive the current correction as a rollback of the market. However, we need accurate buy entries. Today I expect that the index will make an attempt to drop to the level of 3905-3882.
What today:
Today at the open of the market, the index may attempt to rise to the level of 3968, and then go down to the level of 3905-3882. But if this attempt to grow is frustrated, then we will see the index moving towards the level of 3882.
Here is a graph showing the best places to buy that I expect today.
Here are my trading recommendations for today 12.07.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 4150-4200 level, limit your losses.
- If you want to buy:
Long positions are possible on a rollback from the level 3905-3882, 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 3905-3882 level. If you want to open a short position, then it is better to do it from the level of 4150-4200. 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.
Click the thumbs up if you agree with today’s trading idea. Also remember to contact me in 2 or 3 days for further trading advice. If
you have any questions about analytics and my trading logic, then I recommend that you read the FAQ section. Also share a link to my blog, it will greatly help in its movement.
Follow me on Twitter to stay up to date on S&P 500 index. Also visit my about me page to get to know me better. If you like the content of my blog, you can make a donation to support the blog.
