Analysis of the spx 500 index 10/17/22 Today we are here to talk about the SPX 500 index.
What's on the market now:
Today the index is trading at 3583. And yesterday, as expected, we saw a sharp drop in the market, which I mentioned earlier. Today, I expect market volatility to continue. The market will still be volatile for a while. Globally, as I said earlier, the market goes to the level of 3200. However, it still has a small chance to rise to the level of 3800. In my opinion, the market will try to start this attempt from the level of 3550-3570. However, if this attempt is broken, we will see a sharp drop towards the 3200 level.
What I'm looking forward to today:
Today at the open, I expect the market to try to rise to the level of 3630, but then the movement to the level of 3550 will continue. There is also a high probability of a sharp fall in the market. Therefore, long positions are prohibited.
Here are my trading recommendations for today 10.17.22
What I recommend:
If you want to go short:
Short positions are possible from the 3840-3800 level, this will be the ideal place to sell this week, limit your losses.
If you want to buy:
Long positions are prohibited, limit your losses.
If you are not in the market:
Long positions are possible from the 3200 level, limit your losses. If you want to open a short position, then it is better to do it from the level of 3840 - 3800.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to me and you will always be aware of the movement of the S&P 500 index.
See you next time!
Bye!
What's on the market now:
Today the index is trading at 3583. And yesterday, as expected, we saw a sharp drop in the market, which I mentioned earlier. Today, I expect market volatility to continue. The market will still be volatile for a while. Globally, as I said earlier, the market goes to the level of 3200. However, it still has a small chance to rise to the level of 3800. In my opinion, the market will try to start this attempt from the level of 3550-3570. However, if this attempt is broken, we will see a sharp drop towards the 3200 level.
What I'm looking forward to today:
Today at the open, I expect the market to try to rise to the level of 3630, but then the movement to the level of 3550 will continue. There is also a high probability of a sharp fall in the market. Therefore, long positions are prohibited.
Here are my trading recommendations for today 10.17.22
What I recommend:
If you want to go short:
Short positions are possible from the 3840-3800 level, this will be the ideal place to sell this week, limit your losses.
If you want to buy:
Long positions are prohibited, limit your losses.
If you are not in the market:
Long positions are possible from the 3200 level, limit your losses. If you want to open a short position, then it is better to do it from the level of 3840 - 3800.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to me and you will always be aware of the movement of the S&P 500 index.
See you next time!
Bye!
