500 index: Russia's default is a new challenge for the markets.
Today we are here to talk about the SPX 500 index
Today: The index is trading at 3911 and we saw a sharp rise yesterday. During the last trading session, the market moved into the expected zone at the level of 3850 and consolidated significantly above it. Here is a link to the idea.
Today: I expect the development of a correction in the market and price stabilization. However, if this does not happen and there is a positive mood in the market, then the level of 4050 will become the closest zone to a reversal.
Today we are waiting:
Today, I expect the market to stabilize. Possibly with rap at its opening.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 40 50, but limit your losses.
I continue to hold a short position from 3850 and advise everyone to limit your losses.
If you want to buy:
Buying is now too risky in the market. If you want to buy, it is better to wait for the market bottom around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 4050 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 3911 and we saw a sharp rise yesterday. During the last trading session, the market moved into the expected zone at the level of 3850 and consolidated significantly above it. Here is a link to the idea.
Today: I expect the development of a correction in the market and price stabilization. However, if this does not happen and there is a positive mood in the market, then the level of 4050 will become the closest zone to a reversal.
Today we are waiting:
Today, I expect the market to stabilize. Possibly with rap at its opening.
What I recommend:
If you want to go short:
It is better to open short positions from the level of 40 50, but limit your losses.
I continue to hold a short position from 3850 and advise everyone to limit your losses.
If you want to buy:
Buying is now too risky in the market. If you want to buy, it is better to wait for the market bottom around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 4050 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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