Technical analysis SPX500 for 31.10.2023

31.10.2023 16:34
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 4215.00. The closest support is the level 4140.00

Key levels

  • 4300.00, 4265.00, 4215.00, 4140.00, 4100.00, 4060.00

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 4215.00, with Take Profit of 4265.00 and Stop Loss of 4150.00

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 4140.00, with Take Profit of 4100.00 and Stop Loss of 4150.00

Guión
Recomendación
BUY STOP

Punto de entrada
4215.00

Take Profit
4265.00

Stop Loss
4150.00

Niveles clave
4300.00, 4265.00, 4215.00, 4140.00, 4100.00, 4060.00
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
4140.00

Take Profit
4100.00

Stop Loss
4150.00