S&P 500 Index Analytics on 09/25/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3693. In the last trading session, the market, as I said, fell as expected. At the end of the trading day, we saw the closing of short positions. Now, at this level, I expect an attempt to stabilize the market and start a new small correction with a local top at 3750.
However, today I am changing my expectations about the bottom of the current fall. Now I am sure that the bottom of the current correction will be at the level of 3500 – 3460 need clarification.
What today:
Today, at the opening, I expect the movement to stabilize and a slight correction. And then an increase to the level of 3750. However, the market still has the possibility of a sharp fall, so long positions are prohibited.
Here are my trading recommendations for today 09/25/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3750, limit your losses. - If you want to buy:
Long positions are prohibited. There is a possibility of a sharp fall, limit your losses. - If you are not in the market:
Long positions are prohibited. Short positions are possible from the level of 3750, limit your losses.
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