. Index Trading - S&P 500 Index Price Chart, Analysis and News - CSFX

Index Trading – S&P 500 Index Price Chart, Analysis and News – CSFX

Index Trading – S&P 500 Index Price Chart, Analysis and News – CSFX

25 May 2022

S&P 500 Technical Analysis: Weekly Chart

S&P 500 Technical Analysis

In the weekly charts, S&P 500 is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 3795 and the resistance level is at 4240

S&P 500 is trading in a downward channel until there is a trend reversal.

S&P 500 Technical Analysis: Daily Chart

S&P 500 Technical Analysis

In the daily charts, S&P 500 is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 3865 and the resistance level is at 4035.

S&P 500 is trading in a downward channel until there is a trend reversal.

How to trade S&P 500 this week:

S&P 500 is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 3710, TAKE PROFIT AT 3385, AND STOP-LOSS AT 3925