Technical analysis SPX500 for 09.10.2023

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 ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4300.00. The closest support is the level 4265.00

Key levels

• 4375.00, 4348.00, 4300.00, 4265.00, 4235.00, 4200.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4300.00, with Take Profit of 4348.00 and Stop Loss of 4285.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4265.00, with Take Profit of 4235.00 and Stop Loss of 4285.00