March is coming to the end which means an opportunity to make money on the turn-of-the-month effect.
Today is the 6th day before the month is out, tomorrow is the 5th one. And these are the best options for opening long positions on stock indices.
Let's take a closer look at S&P 500 today.
On March 14, due to the conflict in eastern Europe, forecasts for the S&P 500 index were reduced again. The finance and investment conglomerate Goldman Sachs expects a figure of 4700 at the end of the year, and in case of a negative scenario: 3600.
Now, the index is near the level of 4450. That means that even the cut forecast level has not been reached yet.
Possible options for the market entering:
1. A buy from the market.
Exit: with the Take Profit 1 order = 4500, with the Take Profit 2 order = 4550, or at the disperse trading on April 6.
Stop Loss is slightly below 4400. Then, optionally, Trailing Stop.
2. A buy at the opening of tomorrow's trading day.
Exit: with the Take Profit 1 order = 4500, with the Take Profit 2 order = 4550, or at the disperse trading on April 6.
Stop Loss is below 4400. Then, optionally, Trailing Stop.
Warning!
Trading on financial markets involves a high level of risk and may lead to a loss of investment capital. The MarketCheese team is not responsible for the possible loss of Your investment funds.
This content is for informational purposes only and is not intended to be investing advice.
