S&P 500 Index Analytics: On the way to the bottom

What’s on the market now:

Today the index is trading at 3901. And yesterday we saw the market fall with a slight stabilization at the beginning of the day. As I said earlier, the market continues to move towards the level of 3815-3790. And we can only expect small return corrections, which will be caused by profit taking.

What today:

Today, at the opening, I expect the index movement to stabilize. And an attempt to start a correction. However, if this attempt is broken, the index will continue to move down to the level of 3815-3790. At the moment, the market is still likely to fall sharply, so long positions are prohibited.

Here are my trading recommendations for today 09/16/22

What I recommend:

• If you want to open short:
  Short positions are possible from the level of 3960, limit your losses.
• If you want to buy:
  Long positions are prohibited. Limit your losses.
• If you are not in the market:
  Long positions are possible at the level of 3815-3790, Short positions are possible from the level of 3965, limit your losses.
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KVATOO

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