Technical analysis SPX500 for 13.03.2024

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 5210.00. The closest support is the level 5135.00

Key levels

5280.00, 5245.00, 5210.00, 5135.00, 5110.00, 5070.00

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 5210.00, with Take Profit of 5245.00 and Stop Loss of 5170.00

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 5135.00, with Take Profit of 5110.00 and Stop Loss of 5170.00