Technical analysis SPX500 for 03.10.2024
03.10.2024 03:00
Intraday
Technical
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
Scenario
Recommendation
BUY LIMIT
Entry Point
5675
Take Profit
5767
Stop Loss
5605
Key Levels
5553, 5605, 5675, 5734, 5767
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
5734
Take Profit
5553
Stop Loss
5767