Technical analysis SPX500 for 28.06.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 3840. The closest resistance is the level 3890
Key levels
- 4045, 3950, 3890, 3840, 3800, 3730, 3650
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 3800 and Stop Loss of 3950
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 3950, with Take Profit of 4045 and Stop Loss of 3890
Scenario
Recommendation
SELL
Entry Point
Take Profit
3800
Stop Loss
3950
Key Levels
4045, 3950, 3890, 3840, 3800, 3730, 3650
Alternative scenario
Recommendation
BUY STOP
Entry Point
3950
Take Profit
4045
Stop Loss
3890
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.