S&P 500 Index Analytics on 10/07/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3744. And in the last trading session, we saw stabilization in the market. I talked about this earlier. Now the market is going to the level of 3670. But the probability of a sharp rise to the level of 3870 remains.
What today:
Today, I expect the index to try to rise to the level of 3870 at the opening. However, if this attempt is broken the market will head to the 3670-3640 zone. And from there there will be another attempt to take the level 3870.
Here are my trading recommendations for today 10/07/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3870, limit your losses. - If you want to buy:
Long positions are possible from the level of 3640-3670. But the market has the possibility of a sharp fall to the level of 3500-3465, limit your losses. - If you are not in the market:
Long positions are possible from the level of 3640-3670. But there is a possibility of a sharp fall in the market to the level of 3500-3465, limit your losses.
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