S&P 500 Index Analytics on 09/30/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3640. And yesterday we saw a sharp drop in the index. However, the probability of growth to the level of 3760-3780 remains, but the probability of this is small and therefore long positions are prohibited.
What today:
My expectations for today remain the same at the open, I expect the index to try to rise above the level of 3760-3780, where you can look for a place to open short positions. However, globally, the market goes to the level of 3500 as I wrote earlier.
Here are my trading recommendations for today 09/30/22
What I recommend:
- If you want to open short:
Short positions are possible from the level of 3760, limit your losses. - If you want to buy:
Long positions are prohibited. There is a possibility of a sharp fall to 3500, limit your losses. - If you are not in the market:
Long positions are prohibited. Short positions are possible from the level of 3760, limit your losses.
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