Technical analysis SPX500 for 28.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 3840. The closest resistance is the level 3890

Key levels

• 4045, 3950, 3890, 3840, 3800, 3730, 3650

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 3800 and Stop Loss of 3950

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 3950, with Take Profit of 4045 and Stop Loss of 3890