Technical analysis SPX500 for 15.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the top of the cloud. The closest resistance is the level 3915

Key levels

• 4070, 3975, 3915, 3875, 3825, 3770

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 3875, with Take Profit of 3825 and Stop Loss of 3915

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 3915, with Take Profit of 3975 and Stop Loss of 3875