Technical analysis SPX500 for 11.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines

Key levels

• 5600. 5700, 5750, 5800, 5850

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 5700, with Take Profit of 5850 and Stop Loss of 5600

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 5800, with Take Profit of 5700 and Stop Loss of 5850