S&P 500 Index Analytics: On the way to the bottom – level 3700.

What’s on the market now:

Today, the index is trading at 3789. Yesterday we saw a sharp fall in the index, which I spoke about earlier. As I previously expected, the index goes to level 3700 – 3735. At this level, I expect a market stylization and the market attempt to start correction. However, much will depend on trading volumes. If the current fall accelerates, then the price level can be changed.

What today:

Today, at the opening, I expect another attempt to go to the level of 3700-3735. Where we should expect the beginning of the market correction. Today, the market is also likely to fall sharply, so long positions are prohibited.

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

What I recommend:

• If you want to open short:
  Short positions are possible from the level of 3820, limit your losses.
• If you want to buy:
  Long positions are prohibited, a sharp market collapse to the level of 3700 is possible. Limit your losses.
• If you are not in the market:
  Long positions are possible from the level of 3700 – 3735, but confirmation is needed. Short positions are possible from level 3820, limit your losses.
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KVATOO

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