Technical analysis SPX500 for 22.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument entered the cloud

Key levels

5801, 5824, 5841, 5860, 5872

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 5824, with Take Profit of 5872 and Stop Loss of 5801

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 5860, with Take Profit of 5824 and Stop Loss of 5872