Analysis of the S&P 500 (ES1!) index 01.04.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 3856. Yesterday at the open market we saw a sharp down move in the index, however the move was stronger than I expected which I mentioned earlier. As I said yesterday in the market, I expect a positive mood. Today the market will have the last chance to move to the level of 4010 – 3956. Where we need to look for opportunities to open short positions. But if this market attempt is broken, then we will see a sharp move to the level of 3730 and below.
What today:
Today, at the opening of the market, I expect the index ES1! to try to drop to the level of 3830 and then continue its growth to the level of 3950-4010. However, if this attempt is thwarted, then we will see a sharp drop in the index to the level of 3730, limit your losses.
Today we need to be very careful if the market fails to turn around at the level of 3830-3820, then there will be a sharp drop in the index.
Here are my trading recommendations for today 01.04.23
What I recommend:
- If you want to open a short position:
Short positions are possible from 3950-4010 level, limit your losses
- If you want to buy:
Long positions are possible on rollbacks, 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 on rollbacks, limit your losses. If you want to open a short position, then it is better to do it from the level of 3950-4010. 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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