Technical analysis SPX500 for 01.12.2023
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4580.00. The closest support is the level 4510.00
Key levels
- 4670.00, 4620.00, 4580.00, 4510.00, 4460.00, 4430.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4580.00, with Take Profit of 4620.00 and Stop Loss of 4545.30
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4510.00, with Take Profit of 4460.00 and Stop Loss of 4545.30
Scenario
Recommendation
BUY STOP
Entry Point
4580.00
Take Profit
4620.00
Stop Loss
4545.30
Key Levels
4670.00, 4620.00, 4580.00, 4510.00, 4460.00, 4430.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
4510.00
Take Profit
4460.00
Stop Loss
4545.30
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.