Today we are here to talk about the SXP 500 index.
Today: The index is trading at 4001 and we saw price stabilization in the last trading session. And also we see the beginning of profit-taking from shorts. But today we expect a sharp move down.
What's on the market now:
Globally, the index goes to 3850. And I believe that it will be at this level around May 18-20.
What are we waiting for today:
Today, the market may try to stabilize the price and move it to the level of 40 90, but if this scenario is broken, then the movement to the level of 38 50 will continue.
What I recommend:
If you want to open short:
It is better to open short positions from the level of 4090, limit your losses.
If you want to buy:
Long positions are prohibited. A sharp price movement to 3850 is possible, limit your losses.
If you are currently out of the market:
You can go short above 4090 or wait for the market bottom at 3850.
If you want to ask a question about 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.
Like it and subscribe, thanks!
See you next time.
Today: The index is trading at 4001 and we saw price stabilization in the last trading session. And also we see the beginning of profit-taking from shorts. But today we expect a sharp move down.
What's on the market now:
Globally, the index goes to 3850. And I believe that it will be at this level around May 18-20.
What are we waiting for today:
Today, the market may try to stabilize the price and move it to the level of 40 90, but if this scenario is broken, then the movement to the level of 38 50 will continue.
What I recommend:
If you want to open short:
It is better to open short positions from the level of 4090, limit your losses.
If you want to buy:
Long positions are prohibited. A sharp price movement to 3850 is possible, limit your losses.
If you are currently out of the market:
You can go short above 4090 or wait for the market bottom at 3850.
If you want to ask a question about 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.
Like it and subscribe, thanks!
See you next time.
