Technical analysis SPX500 for 15.01.2024
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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 4790.00. The closest support is the level 4715.00
Key levels
- 4880.00, 4835.00, 4790.00, 4715.00, 4670.00, 4620.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4790.00, with Take Profit of 4835.00 and Stop Loss of 4750.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4715.00, with Take Profit of 4670.00 and Stop Loss of 4750.00
Scenario
Recommendation
BUY STOP
Entry Point
4790.00
Take Profit
4835.00
Stop Loss
4750.00
Key Levels
4880.00, 4835.00, 4790.00, 4715.00, 4670.00, 4620.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
4715.00
Take Profit
4670.00
Stop Loss
4750.00
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.