Analysis of the S&P 500 index 12.14.22
What’s on the market now:
Today the index is trading at 4062. Yesterday we saw a sharp rise in the index towards the 4150-4165 level I mentioned earlier. But we also saw the index fall towards 4025. Right now the market continues to be off the positive side and I expect the index to peak at 4400. But today I expect the market to continue moving up to 4100-4120. However, in the afternoon, the index will have a chance to drop to the level of 4000.
What today:
Today, at the opening of the market, the index will make an attempt to rise to the level of 4100-4120. But if this attempt is broken, then we will see a sharp drop in the index to the 4000 level. If the index reaches the 4000 level, I will recommend that you look for an opportunity to open long positions.
Here are my trading recommendations for today 12.14.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 4280 level, limit your losses.
- If you want to buy:
Long positions are possible from pullbacks or from the 4000 level, but limit your losses.
- If you are not in the market:
If you’re out of the market. Then you need the perfect price to trade. Long positions are possible from pullbacks or from the 4000 level. If you want to open a short position, then it is better to do it from the level of 4280. Limit your losses.
Please note that my S&P 500 analysis is current as of the publication date. In fact, I am arguing that the analysis is correct only at the time of its publication and may be incorrect even a few hours after its publication. This is due to the fact that I analyze the trading volumes that are on the exchanges, and therefore it makes sense for you to follow me on Twitter. Or join my telegram trading channel.
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