Technical analysis SPX500 for 15.02.2024

15.02.2024 01:06
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 turned over from ascending to descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 5015.00. The closest support is the top of the cloud

Key levels

  • 5090.00, 5050.00, 5015.00, 4985.00, 4935.00, 4880.00

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 5015.00, with Take Profit of 5050.00 and Stop Loss of 5000.00

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 4985.00, with Take Profit of 4935.00 and Stop Loss of 5000.00

Scenario
Recommendation
BUY STOP

Entry Point
5015.00

Take Profit
5050.00

Stop Loss
5000.00

Key Levels
5090.00, 5050.00, 5015.00, 4985.00, 4935.00, 4880.00
Alternative scenario
Recommendation
SELL STOP

Entry Point
4985.00

Take Profit
4935.00

Stop Loss
5000.00