Technical analysis SPX500 for 26.07.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 4575.00. The closest support is the level 4535.00

Key levels

• 4700.00, 4650.00, 4575.00, 4535.00, 4500.00, 4455.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4575.00, with Take Profit of 4650.00 and Stop Loss of 4550.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4535.00, with Take Profit of 4500.00 and Stop Loss of 4550.00