S&P 500 Index Analytics on 10/06/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3783. And in the last trading session, we saw the stabilization of the market movement around 3800. As I said earlier, this level is a good place to open short positions. But I’m still waiting for the market to move to the level of 3870. And only then will the market start to fall.
What today:
As yesterday, I expect the index to stabilize in movement and correct to 3670 – 3640, and then the index will try to rise to the level of 3870. However, if this attempt is broken, then there is a possibility of a sharp fall to the level of 3500.
Here are my trading recommendations for today 10/06/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3870, limit your losses. - If you want to buy:
Long positions are possible from the level of 3640. But the market has the possibility of a sharp fall to the level of 3500-3465, limit your losses. - If you are not in the market:
Long positions are possible from the level of 3640 – 3670, limit your losses. Shorts off 3870, limit your losses.
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