Technical analysis SPX500 for 08.11.2023
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4400.00. The closest support is the level 4360.00

Key levels
- 4460.00, 4430.00, 4400.00, 4360.00, 4300.00, 4265.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4400.00, with Take Profit of 4430.00 and Stop Loss of 4380.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4360.00, with Take Profit of 4300.00 and Stop Loss of 4380.00