Technical analysis SPX500 for 03.10.2022
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 3660. The closest resistance is the level 3700
Key levels
- 3840, 3780, 3700, 3660, 3605
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 3660, with Take Profit of 3605 and Stop Loss of 3700
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 3700, with Take Profit of 3780 and Stop Loss of 3660
Scenario
Recommendation
SELL STOP
Entry Point
3660
Take Profit
3605
Stop Loss
3700
Key Levels
3840, 3780, 3700, 3660, 3605
Alternative scenario
Recommendation
BUY STOP
Entry Point
3700
Take Profit
3780
Stop Loss
3660
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.