Technical analysis SPX500 for 22.01.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 4880.00. The closest support is the level 4835.00

Key levels
- 4954.00, 4920.00, 4880.00, 4835.00, 4790.00, 4734.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 4880.00, with Take Profit of 4920.00 and Stop Loss of 4850.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 4835.00, with Take Profit of 4790.00 and Stop Loss of 4850.00