Technical analysis SPX500 for 21.04.2022

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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4512.50. The closest support is the level 4458.20

Key levels

• 4668.00, 4582.60, 4512.50, 4458.20, 4399.80, 4315.50

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4512.50, with Take Profit of 4582.60 and Stop Loss of 4490.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4458.20, with Take Profit of 4399.80 and Stop Loss of 4490.00