Analysis of the spx 500 index 10/25/22 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 3797. Over the past trading day, we saw an increase in the index, without any attempt at correction. Today I expect the market to peak at 3860, where the correction will begin. If a slight correction starts today, then its bottom can be expected at the level of 3730. However, if this attempt is broken, then the market will continue its growth. Where you need to look for places to open short positions from the level 3860.
What I'm looking forward to today:
At the open today, I expect the market to try to drop again to the 3743 - 3715 level. However, if this attempt is broken, then the market will continue its growth to the 3860 level.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from level 1 - 3860, level 2 - 3950 this would be an ideal place to sell this week, limit your losses.
If you want to go long:
Long positions are possible from the level of 3652.
If you are out of the market:
Long positions are possible from the level of 3652. Limit your losses. If you want to open a short position, it is better to do it from the level of 3860-3975, limit your losses.
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 spx 500 index.
If you'd like to help me promote my content, please hit the boost.
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 3797. Over the past trading day, we saw an increase in the index, without any attempt at correction. Today I expect the market to peak at 3860, where the correction will begin. If a slight correction starts today, then its bottom can be expected at the level of 3730. However, if this attempt is broken, then the market will continue its growth. Where you need to look for places to open short positions from the level 3860.
What I'm looking forward to today:
At the open today, I expect the market to try to drop again to the 3743 - 3715 level. However, if this attempt is broken, then the market will continue its growth to the 3860 level.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from level 1 - 3860, level 2 - 3950 this would be an ideal place to sell this week, limit your losses.
If you want to go long:
Long positions are possible from the level of 3652.
If you are out of the market:
Long positions are possible from the level of 3652. Limit your losses. If you want to open a short position, it is better to do it from the level of 3860-3975, limit your losses.
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 spx 500 index.
If you'd like to help me promote my content, please hit the boost.
See you next time!
bye!
