Today we are here to talk about the SXP500 index.
Today: The index is trading at 4525. During the last trading session, we saw the price enter the target zone that we expected, and then the market went to our target zone at around 4450.
What's on the market now:
The market is in the profit-taking phase. We know that there is also a corrective trend in the market at 3750 globally. And we still have a zone at 4750 which is also still active.
What are we waiting for today:
We are waiting for the price to stabilize and return to the level of 4545, and then move to the level of 4450. If you have short positions, it is better to hold them, but limit your losses to 0.
What I recommend:
If you want to go short:
It is possible to open short positions only on rollbacks while limiting risks.
If you want to buy:
Long positions are prohibited but only possible below the level of 44 50
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also check out my channel for the full SPX 500 trading history for each day. And get back to 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 post selected SPX 500 reviews every day so check back tomorrow.
See you next time,
Bye!
Today: The index is trading at 4525. During the last trading session, we saw the price enter the target zone that we expected, and then the market went to our target zone at around 4450.
What's on the market now:
The market is in the profit-taking phase. We know that there is also a corrective trend in the market at 3750 globally. And we still have a zone at 4750 which is also still active.
What are we waiting for today:
We are waiting for the price to stabilize and return to the level of 4545, and then move to the level of 4450. If you have short positions, it is better to hold them, but limit your losses to 0.
What I recommend:
If you want to go short:
It is possible to open short positions only on rollbacks while limiting risks.
If you want to buy:
Long positions are prohibited but only possible below the level of 44 50
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also check out my channel for the full SPX 500 trading history for each day. And get back to 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 post selected SPX 500 reviews every day so check back tomorrow.
See you next time,
Bye!
Comment:
Long openings below 4450 are possible, this is a good place. Maybe the price is 44 30 (Would be a good place to buy). Remember, you must defend your positions. As a trader, you must move stops to 0 and limit your risks.
