Technical analysis SPX500 for 17.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 4245. The closest resistance is the level 4300
Key levels
- 4375, 4300, 4245, 4200, 4165, 4115, 4075
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 4245, with Take Profit of 4165 and Stop Loss of 4300
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 4300, with Take Profit of 4375 and Stop Loss of 4245
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.