S&P 500 Index Analytics on 09/01/22:
What’s on the market now:
Today the index is trading at 3907. And today, we see how the index continues to fall. Yesterday again the market did not form a local correction. And this means that the level of 3985 will probably be the only place for correction. In this case, the bottom of the correction will be lower 3810.
What I’m looking forward to today:
The market is approaching the level of 3985, however, buying can be from the bottom below 3810. Selling is also possible on market pullbacks.
Here are my trading recommendations for today 09/01/22
What I recommend:
- If you want to go short:
You can try to open a short position on the rollback, limit your risks. - If you want to buy:
Buying in the market is prohibited, the target of the market movement is 3810, limit your losses. - If you are not in the market:
Buying on the market is prohibited due to the possibility of a sharp drop. You can try to open a short position from the level of 4000, this will be the market pullback, limit your losses.
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