Technical analysis SPX500 for 26.04.2024
26.04.2024 17:33
Intraday
Technical
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 support is the level 5075. The closest resistance is the level 5120
Key levels
- 5150, 5120, 5075, 5050, 5025
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 5120 and Stop Loss of 5075
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 5050, with Take Profit of 5050 and Stop Loss of 5070
Scenario
Recommendation
BUY
Entry Point
Take Profit
5120
Stop Loss
5075
Key Levels
5150, 5120, 5075, 5050, 5025
Alternative scenario
Recommendation
SELL STOP
Entry Point
5050
Take Profit
5050
Stop Loss
5070