Technical analysis SPX500 for 28.09.2022
28.09.2022 09:13
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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 3699.20. The closest support is the level 3570.10
Key levels
- 3865.30, 3769.70, 3699.20, 3570.10, 3491.00, 3419.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 3699.20, with Take Profit of 3769.70 and Stop Loss of 3631.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 3570.10, with Take Profit of 3491.00 and Stop Loss of 3631.50
Scenario
Recommendation
BUY STOP
Entry Point
3699.20
Take Profit
3769.70
Stop Loss
3631.50
Key Levels
3865.30, 3769.70, 3699.20, 3570.10, 3491.00, 3419.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
3570.10
Take Profit
3491.00
Stop Loss
3631.50