Technical analysis SPX500 for 23.11.2023
23.11.2023 01:38
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 is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4580.00. The closest support is the level 4510.00
Key levels
- 4670.00, 4620.00, 4580.00, 4510.00, 4460.00, 4430.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4580.00, with Take Profit of 4620.00 and Stop Loss of 4550.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4510.00, with Take Profit of 4460.00 and Stop Loss of 4550.00
Scenario
Recommendation
BUY STOP
Entry Point
4580.00
Take Profit
4620.00
Stop Loss
4550.00
Key Levels
4670.00, 4620.00, 4580.00, 4510.00, 4460.00, 4430.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
4510.00
Take Profit
4460.00
Stop Loss
4550.00