Today we are here to talk about the SPX500 index.
Today: The index is trading at 4595. And in the last trading session, we saw a price correction. Which reminds us of the beginning of a reversal.
What's on the market now:
Now we see that the market has worked out almost all the targets and is ready to start a correction, and the current levels are good for opening short positions. But the market still has the strength for the last weak upward spurt, the chances for this are great.
As I said earlier, any short positions above 4620 are good market entries. But short positions above 4653 would be ideal.
What are we waiting for today:
I am waiting for the market to move to 4653 today where my sell stops are. And there I see my entry and the top of the market. When entering the market, I will limit my risks.
What I recommend:
If you want short:
I continue to recommend that you open shorts around 46 20 and above 4653. But you should limit your risks wisely.
If you are now out of the market, then I also recommend opening short positions. Or, like me, wait for the market to peak above 4653. While it's risky and may not happen, I still love tops, but what about you?
If you want to buy:
Long positions are prohibited.
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!
See you next time!
Goodbye!
Today: The index is trading at 4595. And in the last trading session, we saw a price correction. Which reminds us of the beginning of a reversal.
What's on the market now:
Now we see that the market has worked out almost all the targets and is ready to start a correction, and the current levels are good for opening short positions. But the market still has the strength for the last weak upward spurt, the chances for this are great.
As I said earlier, any short positions above 4620 are good market entries. But short positions above 4653 would be ideal.
What are we waiting for today:
I am waiting for the market to move to 4653 today where my sell stops are. And there I see my entry and the top of the market. When entering the market, I will limit my risks.
What I recommend:
If you want short:
I continue to recommend that you open shorts around 46 20 and above 4653. But you should limit your risks wisely.
If you are now out of the market, then I also recommend opening short positions. Or, like me, wait for the market to peak above 4653. While it's risky and may not happen, I still love tops, but what about you?
If you want to buy:
Long positions are prohibited.
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!
See you next time!
Goodbye!
