Technical analysis SPX500 for 21.07.2023
21.07.2023 17:13
Intraday
Technical
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 corrected to the Tenkan-se line. The closest resistance is the level 4575.00. The closest support is the level 4510.00
Key levels
- 4700.00, 4650.00, 4575.00, 4510.00, 4455.00, 4410.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4575.00, with Take Profit of 4650.00 and Stop Loss of 4540.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4510.00, with Take Profit of 4455.00 and Stop Loss of 4540.00
Scenario
Recommendation
BUY STOP
Entry Point
4575.00
Take Profit
4650.00
Stop Loss
4540.00
Key Levels
4700.00, 4650.00, 4575.00, 4510.00, 4455.00, 4410.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
4510.00
Take Profit
4455.00
Stop Loss
4540.00