Today we are here to talk about the S&P500 index.
Today: The index is trading at 45 11. And in the last trading session we saw the rally I mentioned earlier, here is the link and the idea.
What now:
As I said earlier, there is a positive mood in the market. However, the peak will be around 45 50 - 46 24 and will take 1-3 days.
What are we waiting for today:
Today we may see the price start a slight correction and then move towards the expected reversal zone at 4450.
It is in this zone that most participants will begin to take profits and leave the market, so this will cause a correction, a serious correction. This correction will take time in the region of 5-7 days. We will be able to determine his ultimate goals for this correction only when the market shows us the maximum prices of the market.
At the moment, as I said earlier, further movement towards the price of 4550 and 4629 seems to be the most probable.
What I recommend:
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 45 50 - 46 20. And go short there. Reasonably limit your risks.
2. If you want to buy the S&P 500, it is better to do so after a slight correction in the market at the moment, buying is too risky.
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 to my channel.
I'll be posting selected reviews every day, so check back tomorrow!
You will see next time.
Bye!
Today: The index is trading at 45 11. And in the last trading session we saw the rally I mentioned earlier, here is the link and the idea.
What now:
As I said earlier, there is a positive mood in the market. However, the peak will be around 45 50 - 46 24 and will take 1-3 days.
What are we waiting for today:
Today we may see the price start a slight correction and then move towards the expected reversal zone at 4450.
It is in this zone that most participants will begin to take profits and leave the market, so this will cause a correction, a serious correction. This correction will take time in the region of 5-7 days. We will be able to determine his ultimate goals for this correction only when the market shows us the maximum prices of the market.
At the moment, as I said earlier, further movement towards the price of 4550 and 4629 seems to be the most probable.
What I recommend:
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 45 50 - 46 20. And go short there. Reasonably limit your risks.
2. If you want to buy the S&P 500, it is better to do so after a slight correction in the market at the moment, buying is too risky.
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 to my channel.
I'll be posting selected reviews every day, so check back tomorrow!
You will see next time.
Bye!
