S&P 500 Index Analytics on 10/12/22:
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 3588. Yesterday the index made an attempt to rise to the level of 3675. Currently, the market is in a flat correction caused by the entry of inexperienced players. When the market breaks out, it will bottom out at 3500 and below, as I mentioned earlier.
What today:
My expectations for today remain the same. Today, the market still has the possibility of a return correction to the level of 3665-3675. However, globally the market goes to the level of 3500 and below. At the level of 3675 we can try to open new short positions.
Here are my trading recommendations for today 10/12/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3675, limit your losses. - If you want to buy:
Long positions are prohibited, there is a possibility of a sharp fall to the level of 3500, limit your losses. - If you are not in the market:
Long positions are possible from the 3465-3500 level. If you want to open a short position, then it is better to do it from the level of 3675, limit your losses.
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