Technical analysis SPX500 for 15.11.2023

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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4540.00. The closest support is the level 4460.00

Key levels

• 4620.00, 4580.00, 4540.00, 4460.00, 4430.00, 4400.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4540.00, with Take Profit of 4580.00 and Stop Loss of 4500.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4460.00, with Take Profit of 4430.00 and Stop Loss of 4500.00