Analyst of the spx 500 index on 07/19/22 Growth potential to 4100 remains.
What’s on the market now:
The index is trading at 3830. The market has been in a sideways correction for the last 2 weeks, but I think this stabilization will end in the near future.
In the last trading session, we saw a small correction of the last growth, which began on July 14th. I believe that the current correction will not be long and the upward movement will continue in the near future.
What I’m waiting for:
I maintain a positive view of the market and expect it to move towards the level of 4100. At the same time, my trading recommendations remain unchanged.
What I recommend:
If you want to go short:
Short positions are prohibited.
If you want to buy:
Market buys are possible, but limit your losses.
If you are not in the market:
If you want to buy, you can buy from the market, but limit your losses. The market is developing a steady upward movement, which I spoke about earlier. However, as we can see, not all market participants support the uptrend. But in the coming days it will be decided.
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Bye!
