S&P 500 Index Analytics on 09/05/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3924. Yesterday we saw the market make a local top in the expected zone at 4025, I told you about this earlier. However, huge free money remains in the markets of Europe. And if they are placed in US securities, we will see a further sharp rise in the index to the level of 4060-4080. But if such a decision is not made, we should expect the index to move towards the 3815-3790 zone.
What I’m looking forward to today:
I also expect an attempt to increase the index to the level of 4060-4080. If this attempt is successful, then at the peak of the local correction, you can try to open new short positions. However, now there is a high probability of a sharp drop in the index to the level of 3815-3790, it still remains.
Here are my trading recommendations for today 09/05/22
What I recommend:
- If you want to open short:
Short positions in the market are prohibited. You can try to open a short position on the pullback at the level of 4060-4080. limit your losses. - If you want to buy:
Long positions are possible from the level of 3815-3790. You can also try to open long position at the market, but this is risky. Limit your losses. - If you are not in the market:
You can open a long position from the level of 3815-3790. You can also try to open a short position on the rollback at the level of 4060-4080. limit your losses.
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