Analysis of the S&P 500 index 12.20.22
What’s on the market now:
Today the index is trading at 3834. Yesterday at the open of the market we saw how the index made a weak attempt to grow. However, the attempt to increase was broken after which the index fell to the level of 3845-3825 that I mentioned earlier. Now the index is at the point, another attempt will be made to reverse the market. However, if this attempt is broken, then we will see another decline to the level of 3750. Where we will need to look for opportunities to open long positions.
What today:
Today, at the market open, the index will make another attempt to rise to the level of 3900. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3750. Now we need to start looking for opportunities to open long positions.
Here are my trading recommendations for today 12.20.22
What I recommend:
- If you want to open a short position:
Short positions are prohibited, limit your losses.
- If you want to buy:
Long positions are possible from level 3750, 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 pullback or from 3750-3735 level. If you want to open a short position, then it is better to do it from the level of 3900-3935. 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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