Technical analysis SPX500 for 21.04.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4512.50. The closest support is the level 4458.20
Key levels
- 4668.00, 4582.60, 4512.50, 4458.20, 4399.80, 4315.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4512.50, with Take Profit of 4582.60 and Stop Loss of 4490.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4458.20, with Take Profit of 4399.80 and Stop Loss of 4490.00
Scenario
Recommendation
BUY STOP
Entry Point
4512.50
Take Profit
4582.60
Stop Loss
4490.00
Key Levels
4668.00, 4582.60, 4512.50, 4458.20, 4399.80, 4315.50
Alternative scenario
Recommendation
SELL STOP
Entry Point
4458.20
Take Profit
4399.80
Stop Loss
4490.00
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.