S&P 500 Index Analytics on 09/20/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3899. In the last trading session, we saw the market stabilize and the beginning of the corrective movement, which I mentioned earlier. Today I expect this trend to continue and the index will make its last attempt to rise to the level of 3965, you can place your short positions here.
What today:
Today, at the open, I expect a slight correction and an attempt by the market to rise to the level of 3965. Where it will be possible to try to open new short positions. However, if this attempt is broken, the market will continue to move down to the level of 3700. At the moment, the market still has the possibility of a sharp fall, so long positions are prohibited.
Here are my trading recommendations for today 09/20/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3965, limit your losses. - If you want to buy:
Long positions is prohibited, possibility of a sharp fall in the market. Limit your losses. - If you are not in the market:
Long positions are possible at the level of 3700, Short positions are possible from the level of 3965, limit your losses.
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