Technical analysis SPX500 for 03.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines

Key levels

• 5553, 5605, 5675, 5734, 5767

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 5675, with Take Profit of 5767 and Stop Loss of 5605

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 5734, with Take Profit of 5553 and Stop Loss of 5767