Technical analysis SPX500 for 27.11.2023

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 4530. The closest resistance is the level 4565

Key levels

• 4600, 4565, 4530, 4490, 4445

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 4565, with Take Profit of 4600 and Stop Loss of 4530

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 4530, with Take Profit of 4490 and Stop Loss of 4565