Analysis of the S&P 500 index 12.05.22
What’s on the market now:
Today the index is trading at 4058. On Friday we saw the market pull back to the 4030-4010 level I mentioned earlier. Now the market remains positive. Today the index will make another attempt to roll back to the level of 4040-4030, however, if this attempt is broken, then a sharp increase in the index to the level of 4150-4200 and above is possible, need clarification.
What today:
Today I expect the index to try to stabilize and drop to the level of 4040-4030. But if this attempt is broken, then we will see the index moving towards the level of 4150. Abnormal behavior for the market today will be a sharp drop, limit your losses.
Here are my trading recommendations for today 12.05.22
What I recommend:
- If you want to open a short position:
Short positions are possible from the 4150-4200 level, limit your losses.
- If you want to buy:
Long positions are possible on a rollback from the level 4040-4030, 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 4040-4030 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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