S&P 500 Index Analytics on 08/10/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 4198. And we saw a sharp increase in the index, after yesterday’s short and short correction. The market still has the possibility of the index moving towards the level of 4280. But due to the large number of trading volumes in Asia, I change my views on the market and expect the index to peak at the level of 4350.
What I’m looking forward to today:
I maintain my positive view on the growth of the index, due to the large volumes in Asia, there is a possibility of the index rising to 4350.
Today I’m changing my trading recommendations again for today on 08/10/22.
What I recommend:
- If you want to go short:
Short positions are prohibited. However, a good opportunity would be to go short in the 4280-4350 area. - If you want to buy:
it’s too risky to buy, but you can do it. The market may start to correct due to profit taking. If you want to buy the index, then it is better to do it from the level of 4110, limit your losses. - If you are not in the market:
If you want to buy, it is better to place your buys at the 4110 level, but limit your losses. Short positions are possible from the level of 4280 – 4350.
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Goodbye!
