Technical analysis SPX500 for 31.07.2023

31.07.2023 17:16
Harian
Teknikal

The Tenkan-sen line crosses bottom upward the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 4602.00. The closest support is the level 4560.00

Key levels

  • 4700.00, 4650.00, 4602.00, 4560.00, 4522.00, 4483.00

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 4602.00, with Take Profit of 4650.00 and Stop Loss of 4550.00

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 4560.00, with Take Profit of 4522.00 and Stop Loss of 4550.00

Senario
Syor
BUY STOP

Titik Entri
4602.00

Take Profit
4650.00

Stop Loss
4550.00

Level utama
4700.00, 4650.00, 4602.00, 4560.00, 4522.00, 4483.00
Senario pilihan
Syor
SELL STOP

Titik Entri
4560.00

Take Profit
4522.00

Stop Loss
4550.00