Technical analysis SPX500 for 26.07.2023
26.07.2023 17:11
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 4575.00. The closest support is the level 4535.00
Key levels
- 4700.00, 4650.00, 4575.00, 4535.00, 4500.00, 4455.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4575.00, with Take Profit of 4650.00 and Stop Loss of 4550.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4535.00, with Take Profit of 4500.00 and Stop Loss of 4550.00
Scenario
Recommendation
BUY STOP
Entry Point
4575.00
Take Profit
4650.00
Stop Loss
4550.00
Key Levels
4700.00, 4650.00, 4575.00, 4535.00, 4500.00, 4455.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
4535.00
Take Profit
4500.00
Stop Loss
4550.00