S&P 500 Index Analytics on 09/02/22:
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 3966. Yesterday the market started its growth from the level of 3985. I expect the current growth to last 2-3 days and reach its local peak at the level of 4000 – 4025. As I expected earlier, this may be the only local correction. At the same time, I expect the bottom at the level of 3815.
What I’m looking forward to today:
I also expect the index to rise to the level of 4025. At the peak of the local correction, you can look for a place to open short positions.
Here are my trading recommendations for today 09/02/22
What I recommend:
- If you want to open short:
You can try to open a short position on the pullback at the level of 4000 – 4025, limit your risks. - If you want to buy:
Buying in the market is prohibited, the target of the market movement is 3790-3830, limit your losses. - If you are not in the market:
If you want to buy: Buying in the market is prohibited due to the possibility of the index falling to the level of 3790-3830. You can try open short on the market pullback from 4000 – 4025, limit your losses.
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