Analysis of the S&P 500 index 12.22.22
What’s on the market now:
Today the index is trading at 3886. Yesterday we saw the index hit the 3905 level I mentioned earlier. After the level of 3905 was taken, as I said, it was necessary to look for places to open short positions. Now there is a possibility of a sharp movement in the market to the 3856 zone. And if this level is taken, then we will see a sharp drop to the level of 3750.
What today:
Today, at the opening of the market, the index will make an attempt to drop to the level of 3856. However, the market has every chance of a sharp movement to the level of 3750.
Here are my trading recommendations for today 12.22.22
What I recommend:
- If you want to open a short position:
Short positions possible from 3908 level, limit your losses
- If you want to buy:
Long positions are prohibited, 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 pullback or from 3750-3735 level. If you want to open a short position, then it is better to do it from the level of 3908. 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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