Technical analysis SPX500 for 08.07.2022
08.07.2022 18:42
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 3895. The closest resistance is the level 3950
Key levels
- 4075, 4010, 3950, 3895, 3840, 3795
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 3950, with Take Profit of 4010 and Stop Loss of 3895
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 3895, with Take Profit of 3840 and Stop Loss of 3950
Scenario
Recommendation
BUY STOP
Entry Point
3950
Take Profit
4010
Stop Loss
3895
Key Levels
4075, 4010, 3950, 3895, 3840, 3795
Alternative scenario
Recommendation
SELL STOP
Entry Point
3895
Take Profit
3840
Stop Loss
3950