Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4581. In the last trading session, we saw movement to the target zone, which is what we expected. Here is a link to the idea.
What's on the market now:
The market is in the phase of exit from the correction. This is evidenced by the volume of trade. Our main task today is to protect positions if they were opened yesterday from the level of 4450. Also, the market still has the possibility of moving towards 47 50.
What are we waiting for today:
We are waiting for the price to stabilize and are trying to reverse the market to move towards the level of 4525. However, if the attempt to reverse is not successful, the market will go to 4330 and open new levels for purchases from 43 90.
What I recommend:
If you want short:
Opening short positions is already risky. It had to be done from 45 85.
If you want to buy:
The local minimum for buying at the level of 44 50 was yesterday, and today you need to protect your long positions, limit risks at least at the last local minimum.
Next purchase prices 43 90-44 30.
And yes, please don't forget to like this greatly motivates me to share my trading ideas and market knowledge.
Also check out my profile for a full daily trading history on the SPX 500. Contact me in 1 or 2 days for further trading advice.
I hope these tips were helpful to you, let me know in the comments below and don't forget to subscribe to my channel.
I post selected SPX 500 reviews every day, so check back tomorrow!
See you next time!
Bye!
Today: The index is trading at 4581. In the last trading session, we saw movement to the target zone, which is what we expected. Here is a link to the idea.
What's on the market now:
The market is in the phase of exit from the correction. This is evidenced by the volume of trade. Our main task today is to protect positions if they were opened yesterday from the level of 4450. Also, the market still has the possibility of moving towards 47 50.
What are we waiting for today:
We are waiting for the price to stabilize and are trying to reverse the market to move towards the level of 4525. However, if the attempt to reverse is not successful, the market will go to 4330 and open new levels for purchases from 43 90.
What I recommend:
If you want short:
Opening short positions is already risky. It had to be done from 45 85.
If you want to buy:
The local minimum for buying at the level of 44 50 was yesterday, and today you need to protect your long positions, limit risks at least at the last local minimum.
Next purchase prices 43 90-44 30.
And yes, please don't forget to like this greatly motivates me to share my trading ideas and market knowledge.
Also check out my profile for a full daily trading history on the SPX 500. Contact me in 1 or 2 days for further trading advice.
I hope these tips were helpful to you, let me know in the comments below and don't forget to subscribe to my channel.
I post selected SPX 500 reviews every day, so check back tomorrow!
See you next time!
Bye!
Comment:
There is very little volume in the market today. Get ready for 43 90 - 4330, limit your risks to 0.
Comment:
volumes on the market, waiting...
