Today we are here to talk about the SPX 500 index
Today: The index is trading at 3900 and yesterday we saw the stabilization of the market that I expected earlier. Here is a link to the idea.
Today I expect a continuation of the developing correction. However, this will not be a real sharp drop, although the decline will be significant. I believe that the market has fallen to the 3750 zone and will try to turn around there to go to 4000. This will be the positive scenario that I talked about yesterday. However, such a development, although it is joyful in itself, does not cancel the further correction to the 3550 - 3480 zone. But this is still about the future, but today I am waiting for the next one.
Today we are waiting:
Today, I expect the market to decline to the 3780-3750 zone, however, if this trend is broken, the market will continue its growth to the level of 4050-4000
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4010 - 4050, but limit your losses.
If you want to buy:
Buying is now too risky in the market. However, if there is a positive scenario on the market, then you can enter the market from the level of 3700. If you want to buy, it is better to wait for a favorable price.
If you are not in the market:
You can try to go short from the 4010 level or wait until the market hits a local low around 3700 and then buy, but limit your losses.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my knowledge of the market and Subscribe to me and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
Today: The index is trading at 3900 and yesterday we saw the stabilization of the market that I expected earlier. Here is a link to the idea.
Today I expect a continuation of the developing correction. However, this will not be a real sharp drop, although the decline will be significant. I believe that the market has fallen to the 3750 zone and will try to turn around there to go to 4000. This will be the positive scenario that I talked about yesterday. However, such a development, although it is joyful in itself, does not cancel the further correction to the 3550 - 3480 zone. But this is still about the future, but today I am waiting for the next one.
Today we are waiting:
Today, I expect the market to decline to the 3780-3750 zone, however, if this trend is broken, the market will continue its growth to the level of 4050-4000
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4010 - 4050, but limit your losses.
If you want to buy:
Buying is now too risky in the market. However, if there is a positive scenario on the market, then you can enter the market from the level of 3700. If you want to buy, it is better to wait for a favorable price.
If you are not in the market:
You can try to go short from the 4010 level or wait until the market hits a local low around 3700 and then buy, but limit your losses.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my knowledge of the market and Subscribe to me and you will always be aware of the movement of the SPX 500 index.
See you next time!
Bye!
