SP500 Technical Analysis ES1! futures S&P 500 Index 3-1-23
What’s on the market now:
Today the S&P500 (ES1!) is trading at 3985. Yesterday in the first half of the day we saw the decline in the index, and then an attempt to reverse. Currently, the market has every opportunity for sharp movements. However, now the market is squeezed in a vise, the way out of which will be very energetic.
As I mentioned earlier, there are currently 2 levels active. 4063 and 3885.
Globally, the market remains positive and retains all room for growth. However, the market has yet to decide at what level growth will begin.
If you haven’t seen yesterday’s index analytics, you can check it here.
What today:
My expectations for the market today remain the same. At market open today, I expect the index to make an attempt to drop to the 3885 level. However, if this attempt is broken, we will see a sharp increase in the index to the level of 4063 and above.
Give me thumb up if you agree with today’s trading idea. Also remember to contact me in 2 or 3 days for further trading advice. If you have any questions about analytics and my trading logic, then I recommend that you read the FAQ. Also share a link to my blog, it will greatly help in its movement. Follow me on Twitter to stay up to date on S&P 500 index. Also visit my about me page to get to know me better.
