Today we are here to talk about the SXP 500 index.
Today: The index is trading at 3935. The market went down sharply in the last trading session. Since there is no profit fixation in the market for players, this tells me that the stop of this fall will be at the level of 38 00 - 37 80
What's on the market now:
Globally, the index goes to 3850, which I mentioned earlier, but since the movement occurs with a small rollback, I expect an acceleration of the fall and a market bottom in the region of 38 00 - 37 80
What are we waiting for today:
Continuation of movement to the level of 3850 - 3780
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4000, limit your losses.
If you want to buy:
Long positions are possible below 3850 - 3780, limit your losses.
If you outside the market:
You can sell from 4000 or wait until the market bottoms around 3850-3780.
If you want to ask a question about an idea:
If you'd like more information, please contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile for a full SPX 500 daily trading history. Contact me in 1 or 2 days for further trading advice.
Like and subscribe, thanks!
See you next time.
Today: The index is trading at 3935. The market went down sharply in the last trading session. Since there is no profit fixation in the market for players, this tells me that the stop of this fall will be at the level of 38 00 - 37 80
What's on the market now:
Globally, the index goes to 3850, which I mentioned earlier, but since the movement occurs with a small rollback, I expect an acceleration of the fall and a market bottom in the region of 38 00 - 37 80
What are we waiting for today:
Continuation of movement to the level of 3850 - 3780
What I recommend:
If you want to go short:
It is better to open short positions from the level of 4000, limit your losses.
If you want to buy:
Long positions are possible below 3850 - 3780, limit your losses.
If you outside the market:
You can sell from 4000 or wait until the market bottoms around 3850-3780.
If you want to ask a question about an idea:
If you'd like more information, please contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile for a full SPX 500 daily trading history. Contact me in 1 or 2 days for further trading advice.
Like and subscribe, thanks!
See you next time.
