S&P 500 Index Analytics on 10/04/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3678. Yesterday we saw a sharp rise in the index. And also we saw a huge positive mood among traders.These purchases were caused by free money that came into the market. At the start of a new financial year. This growth may change the market situation for the next 1-2 weeks. Which will cause the index to rise to the level of 3780 – 3800. However, the market has the potential for a sharp fall below 3500.
What today:
Today I am changing my trading expectations. Now we need to take a step back. Now I expect the index to rise to the level of 3780-3800, where it will be possible to open short positions.
Here are my trading recommendations for today 10/02/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3730 – 3780, limit your losses. - If you want to buy:
Long positions are prohibited. There is a possibility of a sharp fall in the market, limit your losses. - If you are not in the market:
Long positions are possible from the level of 3465 – 3500, limit your losses. Short positions possible from 3780-3810 level, limit your losses.
Give me thumbs up. Also remember to contact me in 2 or 3 days for further trading advice. Also share a link to my blog, it will greatly help in its movement.
Follow me on Twitter to stay up to date with the S&P 500. Also visit page about me to get to know me better. If you like the content of my blog, you can make a donation to support the blog.
