On the way to 4110-4150, waiting for a pullback again.
Analysis of the spx 500 index on November 23
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 4003. Yesterday on the market we saw a sharp rise in the index and an attempt to get out of the current correction. As I said earlier, the next level of growth for the index will be the level of 4110-4150. Although now the growth seems obvious, there is still a chance for the market to develop a correction. Globally, I expect the market to continue rising to the 4150-4250 level, this forecast is confirmed as there is a lot of free money in the market due to the reduction of funds and their positions in bonds that I mentioned earlier. Also, we can expect that these volumes will go to the market, and we will see a sharp increase in the index. However, if this attempt is broken, then we will see stabilization in motion and an attempt to roll back the index to the level of 3860.
What I'm looking forward to today:
Today at the open, I expect an attempt to roll back the index to the level of 3970. But since there are new volumes in the market, therefore, there is still a possibility of a sharp increase in the index to the level of 4115. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3860.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4110-4150 level, limit your losses.
If you want to go long:
Long positions are possible from the level of 3860, limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 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!
Goodbye!
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 4003. Yesterday on the market we saw a sharp rise in the index and an attempt to get out of the current correction. As I said earlier, the next level of growth for the index will be the level of 4110-4150. Although now the growth seems obvious, there is still a chance for the market to develop a correction. Globally, I expect the market to continue rising to the 4150-4250 level, this forecast is confirmed as there is a lot of free money in the market due to the reduction of funds and their positions in bonds that I mentioned earlier. Also, we can expect that these volumes will go to the market, and we will see a sharp increase in the index. However, if this attempt is broken, then we will see stabilization in motion and an attempt to roll back the index to the level of 3860.
What I'm looking forward to today:
Today at the open, I expect an attempt to roll back the index to the level of 3970. But since there are new volumes in the market, therefore, there is still a possibility of a sharp increase in the index to the level of 4115. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3860.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4110-4150 level, limit your losses.
If you want to go long:
Long positions are possible from the level of 3860, limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 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!
Goodbye!
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