S&P 500: Expert advice for long positions on an uptrend

S&P 500: Expert advice for long positions on an uptrend

According to a report by www.finanzen.net, the S&P 500 was able to rebound upwards from the 10-EMA in the daily chart at 4,712 points in the previous days and continues the upward trend. The S&P 500 is currently back in the 4,750 point range. The S&P 500 should now set course for the high at 4,779 points and then head for the 4,800 point mark.

According to the article, the S&P 500's uptrend is intact as long as it trades above the 10-EMA. However, it is noted that the S&P 500 is overheated in the big picture. It is recommended to hedge long positions closely and use a trailing stop.

In addition, a specific trading idea is suggested in which a long position on the S&P 500 in the area of ​​4,750 points is considered. A long position is recommended with a Turbo Long (ME59H7) from Morgan Stanley, with a price target in the range of 4,800 points and a stop at 4,680 points.

These developments could have a significant impact on the market. A sustained uptrend in the S&P 500 could boost investor confidence and increase demand for stocks. However, the overheating of the S&P 500 also poses risks, especially for investors who hold long positions.

It is important to carefully monitor market conditions and make informed decisions considering the potential opportunities and risks. Investors should be aware that recommendations such as the specific trading ideas mentioned in the article involve risks and therefore require thorough analysis.