SPX 500 index: On top of the hill - Last attempt to take 3850.
Today we're here to talk about the SPX 500 index
Today: The index is trading at 3759 and in the last two trading sessions we have seen a move towards my previously anticipated target zone at 3785. Here is a link to the idea. Currently, the market is in the equilibrium zone, where participants must decide where the local peak will be. There is still a possibility of price movement to the level of 3830-3850 on the market, but this isn't necessary.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 3830 - 3850. There is a probability of such an event on the market, but this probability is not high, and if this attempt is broken, then I expect a sharp movement to 3550 - 3480.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 38 35, but limit your losses.
If you want to buy:
Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market in the region of 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Bye!
Today: The index is trading at 3759 and in the last two trading sessions we have seen a move towards my previously anticipated target zone at 3785. Here is a link to the idea. Currently, the market is in the equilibrium zone, where participants must decide where the local peak will be. There is still a possibility of price movement to the level of 3830-3850 on the market, but this isn't necessary.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 3830 - 3850. There is a probability of such an event on the market, but this probability is not high, and if this attempt is broken, then I expect a sharp movement to 3550 - 3480.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 38 35, but limit your losses.
If you want to buy:
Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market in the region of 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy.
Like and subscribe, thanks!
Also remember to contact me in 2 or 3 days for further trading advice.
Don't forget to like it, it really motivates me to share my market knowledge.
See you next time!
Bye!
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