Technical analysis SPX500 for 01.09.2023

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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 4530.00. The closest support is the level 4483.00

Key levels

• 4575.00, 4545.00, 4530.00, 4483.00, 4456.00, 4431.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4530.00, with Take Profit of 4545.00 and Stop Loss of 4500.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4483.00, with Take Profit of 4456.00 and Stop Loss of 4500.00