The market is waiting for the decision of the big players.

Today index S&P500, (ES1!) is trading at 3997. Last Friday, we saw the index rise to the 3960 level, as i mentioned earlier, but there was no attempt to reverse the index. Currently, the index is moving to the level of 4005-4025, where a correction with a local bottom of 3980-3960 is possible. However, if this attempt at correction is frustrated, then we will see a sharp increase in the index to the level of 4100 and above. As I said earlier globally, the market goes to the level of 4100-4280-4450.

Now there is a record amount of free money on the market, which became free due to the sale of bonds, I also wrote about this earlier. And the big players are not ready to buy.

If this trend continues, then we can see the development of the current correction to the level of 3860-3840. This situation was possible last Friday. But if the market drops to this level, we will see a sharp increase, because. Prices will be favorable for buying for large funds.

What today:

Today, at the opening of the market, I expect that the index will make an attempt to rise to the level of 4005-4025. Where the index can make an attempt to turn to the level of 3960-3980. However, if this attempt to fall is thwarted, we will see a sharp increase in the index to the level of 4160 and above.

Here are my trading recommendations for today 01.23.23

What I recommend:

• If you want to open a short position:

Short positions are possible from 4160 level, limit your losses

• If you want to buy:

Long positions are possible from 3860 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 3860,  limit your losses. If you want to open a short position, then it is better to do it from the level of 4160. 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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