S&P 500 Index Analytics on 08/18/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 4270. The correction continues on the market. I continue to expect the bottom of this correction at 4170. However, I maintain my positive view on the market. The target of which will be the level of 4350. If the market continues to move up sharply. This will give the market an opportunity to rise to the level of 4475.
What I’m looking forward to today:
Today, I believe there will be a correction development. The market has the possibility of a sharp fall.
Here are my trading recommendations for today 08/18/22
What I recommend:
- If you want to go short:
Short positions are prohibited. - If you want to buy:
Buying is only possible on the local day of the current correction. Buy levels 4170. Limit your losses. - If you are not in the market:
If you want to buy, you’d better place your buys at the 4170 level, limit your losses. From the level above 4350 short positions are possible.
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Also remember to contact me in 2 or 3 days for further trading advice.
