S&P 500 Index Analytics on 10/21/22:
Today we’re here to talk about the S&P 500 Index.
What’s on the market now:
Today the index is trading at 3665. And over the past trading day, we have not seen significant changes in the market, the index continued to decline, which I mentioned earlier.
What today:
Today, at the open, I expect the market to try to drop again to the level of 3605-3585. But there is also a high probability of a sharp fall to the level of 3200 in the market. Therefore, long positions are prohibited.
Here are my trading recommendations for today 10/21/22
What I recommend:
- If you want to open short:
Short positions are possible from the 3840 level, this would be an ideal place to sell, but as early as next week, limit your losses. - If you want to buy:
Long positions are possible from the level of 3605-3580. Limit your losses, there is a possibility of a sharp fall towards the 3200 level. - If you are not in the market:
Long positions are possible from the level of 3585, look for confirmation of a reversal. If you want to open a short position, then it is better to do it from the level of 3840, limit your losses.
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