SNP 500 - New highs in 2 days?
Today let's talk to you about the SNP500 Index
Today: The index is trading at a price of 4461. And for the last trading session, we do not see significant changes.
At the moment: As I said earlier, the price has entered the previously expected correction zone. And as we can see, the correction has begun, but the movement of the index is still small.
The absence of a sharp downward momentum at this point tells us that the upward movement is likely to continue. And will reach its peak in the region of 4550 - 4624
What we expect today: We see that the price has begun to correct, which indicates that some players are exiting the market.
If the correction continues, then its expected depth will be between 4315 and 4279, as I said earlier.
The market is likely to implement a scenario in which the market will peak at 4550, and you should wait for this price and open shorts from 4550 there.
At the moment, further movement towards the price of 45 70 seems to be the most probable. I recommend you open short from 4550
Based on the above, I recommend that you stay out of the market for now. You should buy on a possible correction from the levels of 4280 - 4318. Or wait for the peak and open a short position from the price of 4550 - 4620.
And yes, give a thumbs up for this video. And yes, come back to me in 1 or 2 days for new trading advice.
I hope these tips have been helpful to you and let me know in the comments below. And I hope you subscribe to my channel.
Today: The index is trading at a price of 4461. And for the last trading session, we do not see significant changes.
At the moment: As I said earlier, the price has entered the previously expected correction zone. And as we can see, the correction has begun, but the movement of the index is still small.
The absence of a sharp downward momentum at this point tells us that the upward movement is likely to continue. And will reach its peak in the region of 4550 - 4624
What we expect today: We see that the price has begun to correct, which indicates that some players are exiting the market.
If the correction continues, then its expected depth will be between 4315 and 4279, as I said earlier.
The market is likely to implement a scenario in which the market will peak at 4550, and you should wait for this price and open shorts from 4550 there.
At the moment, further movement towards the price of 45 70 seems to be the most probable. I recommend you open short from 4550
Based on the above, I recommend that you stay out of the market for now. You should buy on a possible correction from the levels of 4280 - 4318. Or wait for the peak and open a short position from the price of 4550 - 4620.
And yes, give a thumbs up for this video. And yes, come back to me in 1 or 2 days for new trading advice.
I hope these tips have been helpful to you and let me know in the comments below. And I hope you subscribe to my channel.
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