Technical analysis SPX500 for 09.09.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 4045. The closest resistance is the level 4095

Key levels

• 4150, 4095, 4045, 4000, 3950

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 4045, with Take Profit of 4095 and Stop Loss of 4000

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4000, with Take Profit of 3950 and Stop Loss of 4045