Technical analysis SPX500 for 27.12.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4840.00. The closest support is the level 4725.00

Key levels

• 4950.00, 4890.00, 4840.00, 4725.00, 4670.00, 4620.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4840.00, with Take Profit of 4890.00 and Stop Loss of 4780.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4725.00, with Take Profit of 4670.00 and Stop Loss of 4780.00