Technical analysis SPX500 for 02.05.2024
02.05.2024 01:10
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 5025. The closest resistance is the level 5050
Key levels
- 5100, 5075, 5050, 5025, 5000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 5050, with Take Profit of 5075 and Stop Loss of 5025
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 5025, with Take Profit of 5000 and Stop Loss of 5050
Scenario
Recommendation
BUY STOP
Entry Point
5050
Take Profit
5075
Stop Loss
5025
Key Levels
5100, 5075, 5050, 5025, 5000
Alternative scenario
Recommendation
SELL STOP
Entry Point
5025
Take Profit
5000
Stop Loss
5050