Technical analysis SPX500 for 09.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 3975. The closest resistance is the level 4040
Key levels
- 4290, 4230, 4155, 4075, 4040, 3975, 3900
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 3975 and Stop Loss of 4040
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 4075, with Take Profit of 4155 and Stop Loss of 4040