Technical analysis SPX500 for 19.09.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 4460.00. The closest support is the level 4405.00

Key levels

• 4515.00, 4485.00, 4460.00, 4405.00, 4375.00, 4348.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4460.00, with Take Profit of 4485.00 and Stop Loss of 4430.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4405.00, with Take Profit of 4375.00 and Stop Loss of 4430.00