SPX500 index: Local top, any chance to go short?
Updated
Today we are here to talk about the SPX500 index
Today: The index is trading at 45 82. In the current trading session, we have seen a slight increase in price towards our target zone, which was discussed yesterday, the link to the idea is below.
What's on the market now:
There is still a chance that the market will move into the profit-taking phase. And maybe you should be a part of it.
In addition, we remember that globally there is also a correction trend at 3750 on the market.
What are we waiting for today:
Today we are waiting for the market to turn around 4585 - 46 00, and then return movement to the level of 44 50. At the level of 44 50 it will be possible to open Long positions.
What I recommend:
If you want to open short:
I recommend opening positions from 45 85, limiting the risks.
If you want to buy:
Opening longs is risky at the moment. It's better to wait for a level of 4450 to do this.
And yes, 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 SPX500. 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 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 45 82. In the current trading session, we have seen a slight increase in price towards our target zone, which was discussed yesterday, the link to the idea is below.
What's on the market now:
There is still a chance that the market will move into the profit-taking phase. And maybe you should be a part of it.
In addition, we remember that globally there is also a correction trend at 3750 on the market.
What are we waiting for today:
Today we are waiting for the market to turn around 4585 - 46 00, and then return movement to the level of 44 50. At the level of 44 50 it will be possible to open Long positions.
What I recommend:
If you want to open short:
I recommend opening positions from 45 85, limiting the risks.
If you want to buy:
Opening longs is risky at the moment. It's better to wait for a level of 4450 to do this.
And yes, 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 SPX500. 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 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!
Note
It's a good place to close a short
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