Technical analysis SPX500 for 13.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 4400. The closest resistance is the level 4433

Key levels

• 4523, 4465, 4433, 4400, 4370, 4335, 4275

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 4400, with Take Profit of 4335 and Stop Loss of 4433

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 4433, with Take Profit of 4523 and Stop Loss of 4370