Analysis of the S&P 500 (ES1!) index 01.09.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 3922. Last Friday, the market made the sharp rally, which I mentioned earlier. Today this trend will continue, I expect the index to peak at 3950. However, if new big players enter the market, we will see a sharp increase in the index to the level of 4010 and above.
As I think at present, many funds have difficulties with their assets. And this requires an urgent solution. I bet we have a big game ahead of us. The 1st quarter of this year will be filled with positive events.
What today:
Today, at the opening of the market, I expect the ES1 index! will try to raise it to the level of 3950, and then a small correction will begin. However, if major players enter the market, we will see a sharp rise to the level of 4010 and above.
Here are my trading recommendations for today 01.09.23
What I recommend:
- If you want to open a short position:
Short positions are possible from 3950-4010 level, limit your losses
- If you want to buy:
Long positions are possible on rollbacks, 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 on rollbacks, limit your losses. If you want to open a short position, then it is better to do it from the level of 3950-4010. 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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