Technical analysis SPX500 for 06.12.2023
06.12.2023 01:39
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from ascending to descending. 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 4545.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4510.00, with Take Profit of 4460.00 and Stop Loss of 4545.00
Scenario
Recommendation
BUY STOP
Entry Point
4580.00
Take Profit
4620.00
Stop Loss
4545.00
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
4545.00