SXP500 index: And Biden with oil barrel under arm.
Today we are here to talk about the SXP500 index.
Today: The index is trading at 45 45. And in the last trading session, we saw the price stabilize. The reason for this was the decision of the US to "open" oil reserves, which of course should help the US economy.
What is important: this decision was made at a critical moment for the market. I see it on the charts and of course the purpose of this decision is to ensure the economic growth of the indices and also to prevent a recession into which all countries of the world will plunge.
Well, it's clear from the graphs.
What's on the market now:
They are trying to hold the market and prevent it from collapsing. For this involved strategic resources in the US. In the near future, we will see the price move towards the level of 4600. As planned earlier. Here you can open short positions, at the same time. Converting risks to 0.
And what is important: we have the opportunity to move to a new level at 4750. Of course, the market movement to 4750 is an unlikely event, however, measures to support the US have been taken and they will have a positive recent and this cannot be ruled out.
What are we waiting for today:
We are waiting for further movement to 46 00.
What I recommend:
If you want to open short:
It is better to open short positions from the level of 45 90 short positions, while limiting risks to 0. You will have a chance to limit losses.
If you want to buy:
A good place to buy would be around 44-50 but you can try buy at 4522, while limiting risks to 0. You will have a chance to limit losses.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also remember to 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 reviews every day, so check back tomorrow!
See you next time!
Bye!
Today: The index is trading at 45 45. And in the last trading session, we saw the price stabilize. The reason for this was the decision of the US to "open" oil reserves, which of course should help the US economy.
What is important: this decision was made at a critical moment for the market. I see it on the charts and of course the purpose of this decision is to ensure the economic growth of the indices and also to prevent a recession into which all countries of the world will plunge.
Well, it's clear from the graphs.
What's on the market now:
They are trying to hold the market and prevent it from collapsing. For this involved strategic resources in the US. In the near future, we will see the price move towards the level of 4600. As planned earlier. Here you can open short positions, at the same time. Converting risks to 0.
And what is important: we have the opportunity to move to a new level at 4750. Of course, the market movement to 4750 is an unlikely event, however, measures to support the US have been taken and they will have a positive recent and this cannot be ruled out.
What are we waiting for today:
We are waiting for further movement to 46 00.
What I recommend:
If you want to open short:
It is better to open short positions from the level of 45 90 short positions, while limiting risks to 0. You will have a chance to limit losses.
If you want to buy:
A good place to buy would be around 44-50 but you can try buy at 4522, while limiting risks to 0. You will have a chance to limit losses.
And yes, please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also remember to 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 reviews every day, so check back tomorrow!
See you next time!
Bye!
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