SXP500 Index: It flies like a brick!
Updated
Today we are here to talk about the SXP500 index.
Today: The index is trading at 4588. We saw a sideways trade in the last trading session. Which was expected, here is a link to the idea.
What's on the market now:
The market is in a phase of uncertainty and many players are looking for the beginning of a new trend, but there is no clarity. The market is accumulating energy for a sharp exit. Our main task for today is to continue protecting positions from 4450. And wait for the market to move towards the target zone of 4550.
What are we waiting for today:
We are waiting for a market reversal attempt to move towards the 4550 level. However, if the reversal attempt fails, then the market will go to 4330 and open new levels for buying from 4330.
What I recommend:
If you want to open short:
You can open a short position above 45 50 (limiting risks) speculative exit.
If you want to buy:
It is better to refuse from purchases, a sharp price movement to the 44 00 zone is possible
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 where you will find the full history of trading every day on the SPX 500. 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. don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
See you next time,
Bye!
Today: The index is trading at 4588. We saw a sideways trade in the last trading session. Which was expected, here is a link to the idea.
What's on the market now:
The market is in a phase of uncertainty and many players are looking for the beginning of a new trend, but there is no clarity. The market is accumulating energy for a sharp exit. Our main task for today is to continue protecting positions from 4450. And wait for the market to move towards the target zone of 4550.
What are we waiting for today:
We are waiting for a market reversal attempt to move towards the 4550 level. However, if the reversal attempt fails, then the market will go to 4330 and open new levels for buying from 4330.
What I recommend:
If you want to open short:
You can open a short position above 45 50 (limiting risks) speculative exit.
If you want to buy:
It is better to refuse from purchases, a sharp price movement to the 44 00 zone is possible
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 where you will find the full history of trading every day on the SPX 500. 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. don't forget to subscribe to my channel.
I post SPX 500 analytics every day, so check back tomorrow!
See you next time,
Bye!
Note
Many reasons to go downquickly and decisively
Order cancelled
Ready for a sharp downward move.Note
Try to open short today, limiting the risks.
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