Technical analysis SPX500 for 13.04.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 4400. The closest resistance is the level 4433
Key levels
- 4523, 4465, 4433, 4400, 4370, 4335, 4275
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 4400, with Take Profit of 4335 and Stop Loss of 4433
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 4433, with Take Profit of 4523 and Stop Loss of 4370
Scenario
Recommendation
SELL STOP
Entry Point
4400
Take Profit
4335
Stop Loss
4433
Key Levels
4523, 4465, 4433, 4400, 4370, 4335, 4275
Alternative scenario
Recommendation
BUY STOP
Entry Point
4433
Take Profit
4523
Stop Loss
4370
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.