Technical analysis SPX500 for 26.08.2022
26.08.2022 18:45
Intraday
Technical
The Tenkan-sen line is located above 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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4148.20. The closest support is the level 4075.50
Key levels
- 4220.60, 4184.40, 4148.20, 4075.50, 4019.80, 3982.30
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4148.20, with Take Profit of 4184.40 and Stop Loss of 4115.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4075.50, with Take Profit of 4019.80 and Stop Loss of 4115.00
Scenario
Recommendation
BUY STOP
Entry Point
4148.20
Take Profit
4184.40
Stop Loss
4115.00
Key Levels
4220.60, 4184.40, 4148.20, 4075.50, 4019.80, 3982.30
Alternative scenario
Recommendation
SELL STOP
Entry Point
4075.50
Take Profit
4019.80
Stop Loss
4115.00