Possible targets for Santa Claus Rally: 4060-4250-4400
Analysis of the spx 500 index 11/11/22 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 3960. Yesterday, we saw a sharp rise in the index. I thought that such an event was unlikely, but it happened. As I said earlier, if there is such an abnormal event in the market, then the market will go to the level of 3970-4050. Where is the index located at the current moment.
The current trading volume, which is present on the market, allows us to think that the level of 3970-4060 will be only a temporary point, then the market will need a small rollback to the level of 3880.
Where will the market have a chance to start the Santa Claus rally.
What I'm looking forward to today:
Today, the market is still likely to move sharply to the level of 4025-4060. After that, I expect the market to stabilize and an attempt to roll back to 3880.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4060 level, limit your losses.
If you want to go long:
Long positions are possible on a rollback from the level of 3880.
If you are out of the market:
Long positions are possible on a rollback from the level of 3880, If you want to open a short position, then it is better to do it from the level of 4060, limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
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 3960. Yesterday, we saw a sharp rise in the index. I thought that such an event was unlikely, but it happened. As I said earlier, if there is such an abnormal event in the market, then the market will go to the level of 3970-4050. Where is the index located at the current moment.
The current trading volume, which is present on the market, allows us to think that the level of 3970-4060 will be only a temporary point, then the market will need a small rollback to the level of 3880.
Where will the market have a chance to start the Santa Claus rally.
What I'm looking forward to today:
Today, the market is still likely to move sharply to the level of 4025-4060. After that, I expect the market to stabilize and an attempt to roll back to 3880.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4060 level, limit your losses.
If you want to go long:
Long positions are possible on a rollback from the level of 3880.
If you are out of the market:
Long positions are possible on a rollback from the level of 3880, If you want to open a short position, then it is better to do it from the level of 4060, limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Bye!
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