What’s on the market now:

Today the index is trading at the level of 3986, and yesterday we saw the continuation of the fall of the index, so the local correction has not formed. The market did not give the opportunity to sell on the rollback. However, I still expect the development of a rollback or a local correction, at the top of which you need to open a short position, but globally the market goes to the level of 3895, and in the market our task is to sell on rollbacks.

What I’m looking forward to today:

I continue to expect a rollback of the market, an upward movement to the level of 4065. However, the sharp movement of the market to the level of 3895 remains. Below this level, you need to look for a place to open long positions.

Here are my trading recommendations for today 08/31/22

What I recommend:

• If you want to go short:
  You can try to open a short position on the pullback from the level of 4030 – 4065, limit your risks.
• If you want to buy:
  Buying in the market is prohibited, limit your losses. There is still a possibility of a sharp fall to the level of 3890.
• If you are not in the market:
  At the moment, buying on the market are prohibited due to the possibility of a sharp fall. You can try to go short from the 4065 level, this will be the market pullback I talked about earlier, limit your losses.

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