Waiting for a rollback to 3940-3900, the possibility of a sharp increase remains.

Today index S&P500, (ES1!) is trading at 4007. Now the market is moving sideways. I expect this move to cause a slight correction of the index towards the levels at 3945 and 3905. However, globally, the market goes to the level of 4160 and above, as I mentioned earlier. However, there will be several pullbacks in the market, I think this is one of them.

If this correction is, then I expect that it will take several days. However, the market still has the possibility of a sharp increase in the index to the level of 4160.

What today:

Today my expectations remain the same. At the open of the market, I expect the index to make an attempt to drop to the level of 3945-3940. But if this attempt is broken, we will see a sharp movement of the index to the level of 4160 and above. Be careful today the market may move sharply.

Here are my trading recommendations for today 01.17.23

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 3940-3900 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,  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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