Technical analysis SPX500 for 07.02.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 4985.00. The closest support is the level 4920.35

Key levels
- 5050.00, 5015.00, 4985.00, 4920.35, 4880.00, 4835.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4985.00, with Take Profit of 5015.00 and Stop Loss of 4950.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4920.35, with Take Profit of 4880.00 and Stop Loss of 4950.00