Technical analysis SPX500 for 22.03.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above 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 4480. The closest resistance is the level 4590
Key levels
- 4730, 4660, 4590, 4480, 4405, 4350, 4290, 4220, 4110
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 4480, with Take Profit of 4590 and Stop Loss of 4405
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4405, with Take Profit of 4290 and Stop Loss of 4480
Scenario
Recommendation
BUY LIMIT
Entry Point
4480
Take Profit
4590
Stop Loss
4405
Key Levels
4730, 4660, 4590, 4480, 4405, 4350, 4290, 4220, 4110
Alternative scenario
Recommendation
SELL STOP
Entry Point
4405
Take Profit
4290
Stop Loss
4480
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.