SXP500 Index! - Are you ready to sell it?
Today we are here to talk about the SXP500 index.
Today: The index is trading at 4296. Last trading session we saw a sharp rise after a correction to the 4220 zone that we expected earlier, here is a link to the idea.
What's on the market now:
Globally, the market moves to the 3780 zone. And yesterday it formed a local bottom at the price of 4200.
What are we waiting for today:
Today we are waiting for the price to stabilize and the market to move to the level of 4315. However, there is still a possibility of the price moving to the level of 4100.
What I recommend:
If you want to open short:
Open short positions above the level of 4315, limit your losses.
If you want to buy:
Long positions are possible from the 4220 level. Limit your losses to the last low.
If you would like to ask a question about this an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel
I post SPX 500 analytics every day, so check back tomorrow!
See you next time!
Today: The index is trading at 4296. Last trading session we saw a sharp rise after a correction to the 4220 zone that we expected earlier, here is a link to the idea.
What's on the market now:
Globally, the market moves to the 3780 zone. And yesterday it formed a local bottom at the price of 4200.
What are we waiting for today:
Today we are waiting for the price to stabilize and the market to move to the level of 4315. However, there is still a possibility of the price moving to the level of 4100.
What I recommend:
If you want to open short:
Open short positions above the level of 4315, limit your losses.
If you want to buy:
Long positions are possible from the 4220 level. Limit your losses to the last low.
If you would like to ask a question about this an idea:
If you would like to get more info, contact me in the comments below.
And please don't forget to like. This greatly motivates me to share my trading ideas and market knowledge.
Also take a look at my profile where you will find the full history of trading every day on the SPX 500. Contact me in 1 or 2 days for further trading advice.
Don't forget to subscribe to my channel
I post SPX 500 analytics every day, so check back tomorrow!
See you next time!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.