Technical analysis SPX500 for 22.01.2024
22.01.2024 01:06
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 4880.00. The closest support is the level 4835.00
Key levels
- 4954.00, 4920.00, 4880.00, 4835.00, 4790.00, 4734.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4880.00, with Take Profit of 4920.00 and Stop Loss of 4850.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4835.00, with Take Profit of 4790.00 and Stop Loss of 4850.00
Scenario
Recommendation
BUY STOP
Entry Point
4880.00
Take Profit
4920.00
Stop Loss
4850.00
Key Levels
4954.00, 4920.00, 4880.00, 4835.00, 4790.00, 4734.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
4835.00
Take Profit
4790.00
Stop Loss
4850.00