SXP 500 index: New Pivot Point for Short Positions
Today we're here to talk about the SPX 500 index
Today: The index is trading at 3750 and in the last trading session we saw the sharp drop that I mentioned earlier here is the link to the idea. Now the market is undergoing a period of stabilization, but there will still be sales ahead of the market.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 00 - 36 50, but then the time will come for the market to stabilize and rise to the level of 3850 - 3880
What I recommend:
If you want to go short:
It is better to open short positions from the level of 3850, limit your losses.
If you want to buy:
Longs is prohibited.
If you are not in the market:
You can try to open shorts from 38 50 or wait until the market bottoms around 3550-3500 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Today: The index is trading at 3750 and in the last trading session we saw the sharp drop that I mentioned earlier here is the link to the idea. Now the market is undergoing a period of stabilization, but there will still be sales ahead of the market.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 00 - 36 50, but then the time will come for the market to stabilize and rise to the level of 3850 - 3880
What I recommend:
If you want to go short:
It is better to open short positions from the level of 3850, limit your losses.
If you want to buy:
Longs is prohibited.
If you are not in the market:
You can try to open shorts from 38 50 or wait until the market bottoms around 3550-3500 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
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