S&P 500 Index Analytics on 10/11/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3612. Yesterday at the open of the market the index tried to gain a foothold at the level of 3640 to rise to 3870, but it was a weak and unsuccessful attempt. This attempt was broken and the market went sharply to the level of 3500, which I mentioned earlier.
What today:
Today the market will continue its path to the level of 3500. However, the market still has the possibility of a small return correction to the level of 3665. Which can be used to try to open new short positions.
Here are my trading recommendations for today 10/11/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3665, 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 from the 3465-3500 level. If you want to open a short position, then it is better to do it from the level of 3665, limit your losses.
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