S&P 500 Index Analytics on 08/24/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 4128. And yesterday we saw the stabilization of the market movement. Currently, the market is in a correction caused by profit-taking from investors. However, the market remains positive. Today I expect the index to rise to the level of 4170 – 4200.
What I’m looking forward to today:
I expect the index to stabilize and then rise to 4220. However, if the market continues to move down, we will see a level of 4000.
Here are my trading recommendations for today 08/24/22
What I recommend:
- If you want to go short:
In the current situation, short positions are prohibited. - If you want to buy:
You can open long possition at the current level, but limit your losses. - If you are not in the market:
If you want to buy, you can open longs on the market, limit your losses. There is a possibility of movement to the level of 4000 on the market. Short positions are possible from the level above 4350.
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Also remember to contact me in 2 or 3 days for further trading advice.
