Analysis of the spx 500 index 11/15/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 3957. Yesterday we saw an attempt to increase the index to the level of 4050. This attempt was unsuccessful, the index only renewed its highs. As I said, the level of 3970-4050 will stabilize in the movement of the index. Today, I expect the market to make one last attempt to rise to the 4050 level, but if this attempt is broken, then we will see the index pull back to the previously expected level of 3920 - 3860. Today, the market remains likely to move towards the 4050 level, although the market strength is weakening.
What I'm looking forward to today:
Today, I expect the index to try to rise to the level of 4050, and then the index pulls back to the level of 3920 - 3860. But if the attempt to increase the index is broken, then we will see a sharp movement to the level of 3920 and below.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4050 level. This would be an ideal place to go short today, limit your losses.
If you want to go long:
Long positions are possible from the 3900-3860 level, this would be an ideal buy spot today, limit your losses.
If you are out of the market:
If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 - 3920, limit your losses. If you want to open a short position, then it is better to do it from the level of 4060, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index.
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 3957. Yesterday we saw an attempt to increase the index to the level of 4050. This attempt was unsuccessful, the index only renewed its highs. As I said, the level of 3970-4050 will stabilize in the movement of the index. Today, I expect the market to make one last attempt to rise to the 4050 level, but if this attempt is broken, then we will see the index pull back to the previously expected level of 3920 - 3860. Today, the market remains likely to move towards the 4050 level, although the market strength is weakening.
What I'm looking forward to today:
Today, I expect the index to try to rise to the level of 4050, and then the index pulls back to the level of 3920 - 3860. But if the attempt to increase the index is broken, then we will see a sharp movement to the level of 3920 and below.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4050 level. This would be an ideal place to go short today, limit your losses.
If you want to go long:
Long positions are possible from the 3900-3860 level, this would be an ideal buy spot today, limit your losses.
If you are out of the market:
If you are in a non-market, then you need to have the ideal price to trade. Long positions are possible from 3860 - 3920, limit your losses. If you want to open a short position, then it is better to do it from the level of 4060, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index.
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
Comment:
The recommendation to open shorts from 4050 has been cancelled. Need clarification...
