Analysis of the S&P 500 (ES1!) index 01.27.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 4065. As I said yesterday, the market made an attempt to rise to the level of 3970, and then began to stabilize its movement. As I mentioned earlier, the market is ready for a sharp rise in the index. However, there are still restrictions on the market that are associated with expectations for a decision by the Fed. As I said earlier, the market is going to the level of 4240-4300 and then the next target will be around 4450.
Our task on this rise is to buy on pullbacks. Such a chance may be in the near future. As you remember, I have been talking about this growth since the beginning of December.
What today:
Today at the open of the market, I expect that the index will make an attempt to rise to the level of 4095, and then make an attempt to stabilize and roll back to the level of 4036-4005. However, if this correction attempt is broken, then we will see a sharp increase in the index.
Here are my trading recommendations for today 01.27.23
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 4005-4036 level, 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 possible on pullbacks from 4005-4036, limit your losses. If you want to open a short position, then it is better to do it from the level of 4300. Limit your losses.
Please note that my S&P 500 ES1! 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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