Technical analysis SPX500 for 28.02.2024
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 5107.15. The closest support is the top of the cloud
Key levels
5170.00, 5135.00, 5107.15, 5041.30, 5014.00, 4958.00
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 5107.15, with Take Profit of 5135.00 and Stop Loss of 5075.00
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 5041.30, with Take Profit of 5014.00 and Stop Loss of 5075.00
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.