Technical analysis SPX500 for 23.10.2023
23.10.2023 17:11
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. 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 4265.00. The closest support is the level 4180.00
Key levels
- 4331.00, 4300.00, 4265.00, 4180.00, 4140.00, 4100.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4265.00, with Take Profit of 4300.00 and Stop Loss of 4220.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4180.00, with Take Profit of 4140.00 and Stop Loss of 4220.00
Scenario
Recommendation
BUY STOP
Entry Point
4265.00
Take Profit
4300.00
Stop Loss
4220.00
Key Levels
4331.00, 4300.00, 4265.00, 4180.00, 4140.00, 4100.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
4180.00
Take Profit
4140.00
Stop Loss
4220.00