Today we are here to talk about the S&P500 index.
Today:
The index is trading at 4456. And in the last trading session we saw the correction that I mentioned earlier, here is the link and the idea.
What's on the market now:
As I said earlier, there is a positive mood in the market globally. However, now the market is in a correction caused by profit taking.
I have allocated for you 2 levels of its completion. If the market corrects, but does not reach these levels, then this will mean the growth of the market in the zone 44 50 - 46 20.
What are we waiting for today:
Today we can see how the price will continue its correction. And today, or tomorrow, its depth will become clear.
At the moment, as I said earlier, the most likely globally is a further movement to the price of 45 50 and above to 46 20. But after the current local correction.
What I recommend:
If you want to open short:
1. I continue to recommend that you open shorts from 45 50 and above.
If you are now out of the market, then I also recommend that you stay out of the market for now and continue to watch and wait for the peak of 45 50 - 46 29. And there, open a short position while reasonably limiting your risks.
If you want to buy:
2. If you want to buy the S&P 500, it is better to do it after the current slight correction from level 1 to 44 15 or from level 2 to 43 65.
The best way to buy:
After buying from the level 44 15, I recommend that you immediately transfer your deal to no loss. Just set a stop and limit losses to 0. Use the same technique if you want to buy long from the 4365 level.
Buying strategy:
When buying at level 1 (44 15) and if the market knocks you out, try to buy at level 2 at 4365. And be sure to limit your losses to 0, use limit orders for this.
In doing so, you must follow the logic of buy low and sell high and zero your risks.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also remember to 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.
I will be posting analytical and trading reviews every day so check back tomorrow!
See you next time!
Bye!
Today:
The index is trading at 4456. And in the last trading session we saw the correction that I mentioned earlier, here is the link and the idea.
What's on the market now:
As I said earlier, there is a positive mood in the market globally. However, now the market is in a correction caused by profit taking.
I have allocated for you 2 levels of its completion. If the market corrects, but does not reach these levels, then this will mean the growth of the market in the zone 44 50 - 46 20.
What are we waiting for today:
Today we can see how the price will continue its correction. And today, or tomorrow, its depth will become clear.
At the moment, as I said earlier, the most likely globally is a further movement to the price of 45 50 and above to 46 20. But after the current local correction.
What I recommend:
If you want to open short:
1. I continue to recommend that you open shorts from 45 50 and above.
If you are now out of the market, then I also recommend that you stay out of the market for now and continue to watch and wait for the peak of 45 50 - 46 29. And there, open a short position while reasonably limiting your risks.
If you want to buy:
2. If you want to buy the S&P 500, it is better to do it after the current slight correction from level 1 to 44 15 or from level 2 to 43 65.
The best way to buy:
After buying from the level 44 15, I recommend that you immediately transfer your deal to no loss. Just set a stop and limit losses to 0. Use the same technique if you want to buy long from the 4365 level.
Buying strategy:
When buying at level 1 (44 15) and if the market knocks you out, try to buy at level 2 at 4365. And be sure to limit your losses to 0, use limit orders for this.
In doing so, you must follow the logic of buy low and sell high and zero your risks.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also remember to 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.
I will be posting analytical and trading reviews every day so check back tomorrow!
See you next time!
Bye!
