SPX 500 index analytics on 06/07/22: The optimistic mood remains.
Today we are here to talk about the SPX 500 index.
What’s on the market now:
The index is trading at 3820. In the last trading session, we saw the market stabilize. However, personally, of course, I expected a wait up to the level of 3900. It must be said that the market remains uncertain for all market participants. There is still a struggle going on in the market at the moment. But I believe that the market is optimistic and expect the market to move to the level of 4000 and above.
Today we are waiting:
In the current trading session, I continue to expect a move towards the 3900 drop.
What I recommend:
- If you want to go short:
Short positions are prohibited. - If you want to buy:
Buying on the market is possible, but you need to limit your losses. There is still a possibility of a sharp drop. - If you are not in the market:
My recommendations for trading in this period remain unchanged. I recommend that you try to go short around 4125. If you want to buy, you can go market but limit your losses. Remember that if this trend breaks, we will face a sharp drop in the index to the level of 3550 – 3480. However, the market is still optimistic.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don’t forget to like it, it really motivates me to share my market knowledge. Follow me on Twitter to stay up to date with the SPX 500. Also visit my About page to get to know me better.
See you next time!
Bye!
