S&P 500 Index Analytics on 09/15/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3946. And yesterday the market has stabilized, as I mentioned earlier. Profit-taking has begun on the market, but so far the market has not reached its local highs. I expect the market to continue correcting towards 4008-4035. However, the market is still prone to a sharp fall at level 3815-3790.
What today:
Today at the opening I expect the movement to stabilize. And then the market movement to the level of 4008-4435. And then the market will continue to move down. However, the market can still drop sharply, so long positions are prohibited.Trading up is too risky.
Here are my trading recommendations for today 09/15/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 4008-4035, limit your losses. - If you want to buy:
You can open positions on the market, on pullbacks, this is risky. Limit your losses. - If you are not in the market:
You can open positions on the market, on pullbacks to the level of 4035, but this is risky. Short positions are possible from the 4008-4035 level, limit your losses.
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