The last attempt to increase the index before a sharp drop to the level of 3840 – 3825

Today the index is trading at 3980. Last Friday we saw the index decline from the 4025-4033 level I mentioned earlier. Today, however, the index will make one last attempt to rise, and if this attempt is broken, we will see a sharp drop in the index to the level of 3825. As I said earlier, the market has been positive all this time. However, a lot can change now. Today, I expect the market to make its last attempt to rise to the level of 4150. However, many players will try to get out of the market due to the threat of a correction. An important level today will be 3983-3993. If the upside attempt is stopped here, the market will fall sharply towards the 3840 – 3825 level.

What today:

Today the index will make an attempt to rise to the level of 4150. But if this attempt is broken at the level of 3983-3993, then we will see a sharp drop in the index to the level of 3825.

Here is a chart showing the best places to trade today.

Here are my trading recommendations for today 12.12.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 3983-3993 level, limit your losses.

• If you want to buy:

Long positions are possible from the level 3825, 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 the 3825 level. If you want to open a short position, then it is better to do it from the level of 3983-3993. 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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