Technical analysis SPX500 for 13.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level . The closest support is the level
Key levels
- 4155.00, 4100.00, 4040.00, 3975.00, 3900.00, 3826.58
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4040.00, with Take Profit of 4100.00 and Stop Loss of 4010.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 3975.00, with Take Profit of 3900.00 and Stop Loss of 4010.00
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.