Technical analysis SPX500 for 03.10.2022
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 3660. The closest resistance is the level 3700

Key levels
- 3840, 3780, 3700, 3660, 3605
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 3660, with Take Profit of 3605 and Stop Loss of 3700
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 3700, with Take Profit of 3780 and Stop Loss of 3660