Technical analysis SPX500 for 11.08.2023
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. 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 resistance is the level 4522.00. The closest support is the level 4431.00

Key levels
- 4595.00, 4548.00, 4522.00, 4431.00, 4392.00, 4343.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4522.00, with Take Profit of 4548.00 and Stop Loss of 4475.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4431.00, with Take Profit of 4392.00 and Stop Loss of 4475.00