Analysis of the S&P 500 (ES1!) index 01.06.23
What’s on the market now:
Today index S&P500, (ES1!) is trading at 3830. Yesterday we saw a sharp decline in the index to the level of 3840-320, as well as an attempt to reverse the market as I mentioned earlier. Today I expect this trend to continue and we will see a move to 3805-3795. Where do we need to look for an opportunity to open long positions. There are big players in the market and they have a lot of free money, they are waiting for the best opportunities to enter.
I expect them to enter below 3800, then the market will have the opportunity to rise to the level of 3950, which I spoke about earlier.
What today:
Today, at the opening of the market, I expect the index ES1! to try to drop to the level of 3800-3790 and then continue its growth to the level of 3950-4010. You can try to buy near the 3800 level, but limit your losses. However, if this attempt is thwarted, then we will see a sharp drop in the index to the level of 3730, so limit your losses.
Here are my trading recommendations for today 01.06.23
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 from 3800, 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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