S&P 500 index: Goes to the level of 3600, sell on rollbacks.Analysis of the spx 500 index 11/10/22 Today we are here to talk about the SPX 500 index.
And so let's see what happened to the index over the past day.
What’s on the market now:
Today the index is trading at 3748. As we saw yesterday, the market fell to the level of 3750, which I wrote about earlier. Today, at the open, I expect the index to roll back to the level of 3820 – 3800. However, if there are large volumes on the market, the index may fall sharply to the level of 3660-3630.
What I'm looking forward to today:
Today, I expect an attempt to roll back the index to the 3800 zone, however, if this attempt is broken, then the market will fall to the level of 3660-3630. But here it is important to remember that, as I said earlier, globally, the market goes to the level of 3440.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible on a rollback from the level of 3800-3820.
If you want to go long:
Long positions are prohibited.
If you are out of the market:
Today long positions are prohibited. If you want to open a short position, then it is better to do it on a rollback from the level of 3800-3820, limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
