Technical analysis SPX500 for 26.04.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 5075. The closest resistance is the level 5120

Key levels

• 5150, 5120, 5075, 5050, 5025

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 5120 and Stop Loss of 5075

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 5050, with Take Profit of 5050 and Stop Loss of 5070