3605 a small but important level before the rise to 3840.

2022年10月20日

Analysis of the spx 500 index 10/20/22 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 3695. And over the past trading day, we saw a slight decrease in the index, but there was no sharp drop, the market continues to be in the support zone. Today the market has every chance to fall to the level of 3605. However, if this attempt is broken, the market will fall to the level of 3200. Thus, globally, nothing changes.

What I'm looking forward to today:
Today at the open, I expect the market to try again to drop to the level of 3605-3670. But there is also a high probability of a sharp fall to the level of 3200 on the market. Therefore, long positions are prohibited.

Here are my trading recommendations for today 10.20.22

What I recommend:
If you want to go short:
Short positions are possible from the 3840-3815 level, this will be the ideal place to sell this week, limit your losses.
If you want to buy:
Long positions are prohibited.
If you are not in the market:
Long positions are possible from the level of 3605 - 3570. If you want to open a short position, it is better to do it from the level of 3840 - 3815, limit your losses.

Also remember to contact me in 2 or 3 days for further trading advice.
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See you next time!
Bye!