When will the current correction end?

What’s on the market now:

Today the index is trading at the level of 3946. As expected earlier, the market started to correct. And yesterday we saw the price reach the 3920-3900 level which I mentioned earlier. Now the market is in the zone of consolidation, and will leave it when there are new volumes of money on the market.
Today, the market is in a sideways movement, however, I expect an attempt to increase the index to the level of 3990-4010, but if experienced players enter the market, then we will see a sharp movement of the index to the level of 3860. However, if this attempt is broken, then the target for the index will be 4150.

What today:

Today I expect the index to stabilize and try to rise to the level of 3990-4010 аnd then the index will try to move to the level of 3860. But if this attempt is broken, then we will see a sharp increase in the index to the level of 4110-4150.

Here are my trading recommendations for today 11.18.22

What I recommend:

• If you want to open a short position:

Short positions are possible from the 4110 – 4150 level. This would be an ideal place to sell this week, limit your losses.

• If you want to buy:

Long positions are possible from the 3860 level, this would be an ideal buy, limit your losses.

• If you are not in the market:

If you are out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. 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: https://t.me/Financial_Consultant_1

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