Analysis of the S&P 500 index 12.13.22
Due to the sharp increase in the index, short positions are possible from the level of 4250-4280, limit your losses. Congratulations to everyone who was waiting for the increase in the index. The main increase in the index is still ahead.
What’s on the market now:
Today the index is trading at 4044. Yesterday we saw how the index made its last attempt to increase, which was successful. However, as I said earlier at the level of 3983 – 3993 we will see attempts to reverse the market. After the level of 3993 was passed, nothing interfered with the market, and we saw a sharp increase. Globally, as I wrote earlier, the market goes up to the 4280 zone and above, there is also a possibility in the market that the index will reach its peak at 4400.
Today I expect that the market will continue to move up to the level of 4150-4165.
What today:
Today, at the opening of the market, the index will make an attempt to rise to the level of 4150-4165. In the afternoon, a slight correction to the level of 4020 is possible. The key levels today will be the level of 4053 and 4080.
Here is a chart showing the most important places to trade today.
Here are my trading recommendations for today 12.13.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 4165-4150 level, limit your losses.
- If you want to buy:
Long positions are possible from pullbacks or from the 3825 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 3825 level. If you want to open a short position, then it is better to do it from the level of 4165-4150. 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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