SXP500 Index! Today we are here to talk about the SXP500 index.
Today: The index is trading at 4155. In the last trading session, we saw a sharp drop down that we expected earlier, as well as a return movement, here is a link to the idea.
What's on the market now:
There is a lot of volatility in the market right now. Associated with an attempt to buy the bottom from inexperienced players.
What are we waiting for today:
Today we are waiting for the continuation of the correction and the market movement to the area above 4190. However, the probability of the price movement to the level of 4050 - 4000 remains.
What I recommend:
If you want to open short:
Go short on pullbacks above 41 70- 41 90, limit your losses.
If you want to buy:
Long positions are possible from the level of 4015-3995. Limit your losses to the last low.
If you want to ask a question about an idea:
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