Technical analysis SPX500 for 05.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 4562. The closest resistance is the level 4595

Key levels

• 4680, 4635, 4595, 4562, 4520, 4455

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4595, with Take Profit of 4635 and Stop Loss of 4562

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4562, with Take Profit of 4520 and Stop Loss of 4595