Technical analysis SPX500 for 21.04.2022
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4512.50. The closest support is the level 4458.20
Key levels
- 4668.00, 4582.60, 4512.50, 4458.20, 4399.80, 4315.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4512.50, with Take Profit of 4582.60 and Stop Loss of 4490.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4458.20, with Take Profit of 4399.80 and Stop Loss of 4490.00