S&P 500 Index Analytics on 08/17/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at the level of 4305. We see that the steady movement of the market towards the level of 4350 is preserved. I mentioned earlier about this critical level. However, the market has not started the correction. However, I continue to expect a local correction, and I will buy at its bottom. At the same time, the goal of the market movement to the level of 4350 is preserved. As I mentioned earlier, if the index shows its top at 4350, there will be no correction. You know, this will give him the opportunity to rise to the level of 4475.
What I’m looking forward to today:
I continue to expect a local correction, which will be caused by profit taking. This does not necessarily. Today I expect the development of a correction, which will be caused by profit taking. However, the possibility of a sharp increase to the level of 4350 remains.
Here are my trading recommendations for today 08/17/22
What I recommend:
- If you want to go short:
Short positions are prohibited, although there is a possibility of a local correction caused by profit taking. You can go short above 4350 but limit your losses. - If you want to buy:
On the local bottom buying is possible. Buy from levels 4260, Limit your losses. - If you are not in the market:
If you want to buy, it is better to place your buys at the 4260 or 4170 level, limit your losses. Short positions are possible from the level of 4350
Follow me on Twitter to stay up to date with the SPX 500. Also visit my About page to get to know me better. Also remember that I first publish my predictions on my investment blog on this site, with a publication on Twitter, and only after 1-2 days, then I publish them in Trading View and other sites.
Also remember to contact me in 2 or 3 days for further trading advice.
