S&P 500 Index Analytics on 08/30/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at the level of 4030. Yesterday we saw the beginning in the stabilization of the movement. The market is in a sideways movement and we need to look for good points to enter a short position, earlier I recommended doing this on pullbacks.
What I’m looking forward to today:
Today I expect an upward movement to the level of 4115 – 4145, where a local peak is formed. However, there is a possibility of a sharp downward movement to 3890 in the market. Therefore, long positions are prohibited.
Here are my trading recommendations for today 08/30/22
What I recommend:
- If you want to go short:
You can try to open short position on the pullback from 4115 – 4145 but limit your risks. - If you want to buy:
Buying in the market is prohibited, limit your losses. - If you are not in the market:
Currently, purchases on the market are prohibited due to the possibility of a sharp fall. You can try to open a short position at the level of 4115-4145, on the pullback of the market, which I mentioned earlier, limit your losses.
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