The sharp rise in the index confirms the goals of the Santa Claus rally.

What’s on the market now:

Today the index is trading at 4079. Yesterday afternoon we saw a sudden rise in the index, which put the index back on the upside path. Now we need to take a step back and expect the market at 4150.4225, 4280 as I mentioned earlier. (Possible targets for Santa Claus Rally: 4060-4250-4400)

Now the market is in a strong trending movement where its nearest peak will be at the level of 4150. Globally, the market is moving to the level of 4225-4280.

What today:

Today I expect that the index will try to stabilize and drop to the level of 4050-4030, after which it will continue to rise to the level of 4150. Thus, the movement towards the level of 4250-4280 is irreversible.

Here are my trading recommendations for today 12.01.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 4150 level, limit your losses.

• If you want to buy:

Long positions are possible on a rollback from the level 4052-4030, but 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 from the 4052-4030 level. If you want to open a short position, then it is better to do it from the level of 4150. Limit your losses.

Please note that my S&P 500 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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