Technical analysis SPX500 for 20.09.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 3835. The closest resistance is the level 3865
Key levels
- 3950, 3900, 3865, 3835, 3800, 3750
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 3835, with Take Profit of 3800 and Stop Loss of 3865
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 3865, with Take Profit of 3900 and Stop Loss of 3835
Scenario
Recommendation
SELL STOP
Entry Point
3835
Take Profit
3800
Stop Loss
3865
Key Levels
3950, 3900, 3865, 3835, 3800, 3750
Alternative scenario
Recommendation
BUY STOP
Entry Point
3865
Take Profit
3900
Stop Loss
3835
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.