S&P 500 Index Analytics on 08/26/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 4199. Yesterday we saw a rise to the 4200 level I mentioned earlier. The market is currently in a correction caused by profit taking. The market remains positive, but the market is losing positive growth potential. This can be seen in the strong sales in Asia. The growth of Europe’s indices is already at the limit as well.
What I’m looking forward to today:
I expect the index to make an attempt to rise to the level of 4240 – 4270. However, if the market finds it difficult to do so, then we will see a move to the level of 3980. But for now, the market maintains its upside potential to 4450.
Here are my trading recommendations for today 08/26/22
What I recommend:
- If you want to go short:
You can try to open short above 4240 limit your risks. This is a very risky. - If you want to buy:
Buying in the market is prohibited, limit your losses. - If you are not in the market:
At the moment buying in the market is prohibited due to the possibility of a sharp fall to the level of 4000, limit your losses. You can try to open a short position from the level of 4240. But this is a very risky entry. Short positions are possible above the 4350 level.
Follow me on Twitter to stay up to date with the SPX 500. Also visit my About page to get to know me better. Also remember that I first publish my predictions on my investment blog on this site, with a publication on Twitter, and only after 1-2 days, then I publish them in Trading View and other sites. If you like the content of my blog, you can make a donation to support the blog.
Also remember to contact me in 2 or 3 days for further trading advice.
