S&P 500 Index Analytics: Waiting for a rollback

What’s on the market now:

Today the index is trading at 3932. And yesterday we saw the sharp drop in the market that I mentioned earlier. Now the market is in motion to the level of 3815-3790. But on the way to this level, the index is waiting for a small profit-taking caused by the closure of part of the short positions.

What today:

Today, at the opening, I expect the movement to stabilize. And the market movement to the level of 3990. And then the market will continue to move to the level of 3840. However, the market still has the possibility of a sharp fall, so long positions are prohibited.

Here are my trading recommendations for today 09/14/22

What I recommend:

• If you want to open short:
  Short positions are possible from the level of 3990, 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 prohibited. You can open a long position from 3815. Short positions are possible above 3990, limit your losses.
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