500 index: On the way down - ready for the bounce:
Today we're here to talk about the SPX 500 index
Today: The index is trading at 3674 and we saw stabilization in the last trading session. Now the market is in the zone of consolidation with subsequent exit from it to the level of 3550 - 3480. Negative phenomena continue to be observed on the market. Bulk sales are still ahead.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 40 - 37 85. The last trading session was only able to consolidate market participants. But if this attempt is broken, then I expect a sharp move to 35 50 - 34 80
What I recommend:
If you want to go short:
It is better to open short positions from the level of 37 85, 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 around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3785 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 3674 and we saw stabilization in the last trading session. Now the market is in the zone of consolidation with subsequent exit from it to the level of 3550 - 3480. Negative phenomena continue to be observed on the market. Bulk sales are still ahead.
Today we are waiting:
Today we are waiting for an attempt to move to the level of 37 40 - 37 85. The last trading session was only able to consolidate market participants. But if this attempt is broken, then I expect a sharp move to 35 50 - 34 80
What I recommend:
If you want to go short:
It is better to open short positions from the level of 37 85, 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 around 3550 - 3480 and buy there.
If you are not in the market:
You can try to go short from the 3785 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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