kvatoo_FX

SXP500 Index: Is there a green wind in the market?

Long
kvatoo_FX Updated   
SP:SPX   S&P 500 Index
Today we are here to talk about the SXP500 index.

Today: The index is trading at 44 25. In the last trading session, we saw price stabilization and a small return movement. Link to idea below.

What's on the market now:
The market is moving sideways and this is a good place to enter the market. Globally, the market may drop to the level of 44 30 - 42 50

What are we waiting for today:
Today we are waiting for a small correction to the level of 44 00, if the market reverses here, then the side correction to 44 85 will continue.

What I recommend:

If you want to open short:
I recommend open short from 44 85 - limit your risks

If you want to buy:
Speculative long positions are possible from the 4405 level. Limit your losses on the last low, but better open long below 4330.

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Bye!
Comment:
Comment: High probability of a sharp price movement to the 43 30, limit your risks.
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