Technical analysis SPX500 for 22.10.2024
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument entered the cloud
Key levels
5801, 5824, 5841, 5860, 5872
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 5824, with Take Profit of 5872 and Stop Loss of 5801
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 5860, with Take Profit of 5824 and Stop Loss of 5872
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.