SPX500 index: Hawk down
Today we are here to talk about the SPX500 index.
Today: The index is trading at 45 36. And in the last trading session, we saw a sharp price correction. And today I must admit that I was expecting a peak above 4653.00. The market did not reach 0.35%. My bad. I'll fix it, I'll adjust the scope .
What's on the market now:
Now the market has moved into the profit-taking phase. And in the near future, the beginning of a correction is possible. But on a global scale, there is a tendency for the market to correct at the level of 3750. If you have opened short positions, then it makes sense to hold them up to this price. At the same time, reduce the risks to 0.
What are we waiting for today:
We are waiting for further movement to 44 80, and then a return movement at the level of 4570 - 46 00. Although this option is likely. The level at 4550 - 4570 is yet to be seen and if it does, it would be a great place to go short.
What I recommend:
If you want to open short:
You can open short positions, limiting the risks.
If you want to buy:
Longs are prohibited.
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, let me know in the comments below and don't forget to subscribe to my channel.
I'll be posting selected reviews every day, so check back tomorrow!
See you next time!
Bye!
Today: The index is trading at 45 36. And in the last trading session, we saw a sharp price correction. And today I must admit that I was expecting a peak above 4653.00. The market did not reach 0.35%. My bad. I'll fix it, I'll adjust the scope .
What's on the market now:
Now the market has moved into the profit-taking phase. And in the near future, the beginning of a correction is possible. But on a global scale, there is a tendency for the market to correct at the level of 3750. If you have opened short positions, then it makes sense to hold them up to this price. At the same time, reduce the risks to 0.
What are we waiting for today:
We are waiting for further movement to 44 80, and then a return movement at the level of 4570 - 46 00. Although this option is likely. The level at 4550 - 4570 is yet to be seen and if it does, it would be a great place to go short.
What I recommend:
If you want to open short:
You can open short positions, limiting the risks.
If you want to buy:
Longs are prohibited.
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, let me know in the comments below and don't forget to subscribe to my channel.
I'll be posting selected reviews every day, so check back tomorrow!
See you next time!
Bye!
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