S&P 500 Index Analytics on 09/13/22:
notice: The event in this post happened on futures, see chart below.
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 4110. And yesterday we saw the growth of the market, which I mentioned earlier. I think the market has almost reached the limit of its growth and now the index is almost at the top. I expect the current momentum to end within 2-3 days. And will reach its peak level of 4145-4190. More precisely it will be clear during the day when I see what volumes are in the market.
What today:
Today, at the open, I expect the market to continue moving towards the level of 4145 – 4190.
Here are my trading recommendations for today 09/13/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 4150 , limit your losses. - If you want to buy:
Long positions are prohibited, there is a possibility of a sharp fall to the level of 4050. Limit your losses. - If you are not in the market:
Long positions are prohibited. Short positions are possible above 4145-4190, limit your losses.
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