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

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

S&P 500 Index Price Chart

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

About Author

Related posts

EURAUD TECHNICAL ANALYSIS

EURAUD Technical Analysis and Investing Tips For EURAUD

EURAUD Technical Analysis: Weekly Chart In the weekly charts, EURAUD is trading in an up channel. EURAUD is currently trading below 50 and 100 days SMA & above 20 days SMA. RSI is in over bought zone which indicates mild bearishness. MACD is currently below zero which indicates bearishness....

Read More
Siemens ag technical analysis

Siemens AG Technical Analysis, How To Trade Siemens AG

SIEMENS AG Technical Analysis: Weekly Chart In the weekly charts, SIEMENS AG is trading in a down channel. SIEMENS AG is currently trading below all SMA. RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness. Its immediate support is 95.00...

Read More
NZDCHF Technical Analysis

NZDCHF Technical Analysis and Investing Tips For NZDCHF

NZDCHF Technical Analysis: Weekly Chart In the weekly charts, NZDCHF was trading in down channel. NZDCHF is currently trading below all SMA. RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness. Its immediate support is 0.5915 & the resistance level...

Read More

Leave a Reply