Market Watch March 18, 2020

# SP500

Today's situation with the S&P500 stock index is very interesting, since the crisis has begun, but the stockthe market does not want to crash. Breaking the level of 2720 was key and is a 20% correction from all-time highs.

And this morning, trading on the e-mini S&P500 futures at a price of 2393.50 was stopped again; this is a forced pause in trading on the exchange and this is due to a strong drop.

Based on this, we can make an assumption aboutcontinued decline in the index after the resumption of the trading session. Another important factor will be the opening of the American stock market where you can track the dynamics of purchases and sales of all shares of the three exchanges NYSE, NASDAQ and AMEX. If you look at this dynamics in past sessions, then bearish sentiment clearly prevails with the naked eye. Short positions after the market opens today will be in priority if the shares are sold (you can track the dynamics here)

I would also like to note that monitoring the cumulative delta of ES, YM, NQ futures will help with the timing of entering a position.

And remember that in times of crisis it is profitable to look for sales on the S&P 500!