Technical analysis SPX500 for 15.09.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 3915
Key levels
- 4070, 3975, 3915, 3875, 3825, 3770
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 3875, with Take Profit of 3825 and Stop Loss of 3915
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 3915, with Take Profit of 3975 and Stop Loss of 3875
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.