Technical analysis SPX500 for 30.05.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 4115. The closest resistance is the level 4190
Key levels
- 4310, 4190, 4115, 4055, 4000, 3925, 3815
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4190, with Take Profit of 4310 and Stop Loss of 4115
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4115, with Take Profit of 4000 and Stop Loss of 4190
Scenario
Recommendation
BUY STOP
Entry Point
4190
Take Profit
4310
Stop Loss
4115
Key Levels
4310, 4190, 4115, 4055, 4000, 3925, 3815
Alternative scenario
Recommendation
SELL STOP
Entry Point
4115
Take Profit
4000
Stop Loss
4190
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.