20 Apr
S&P 500 Technical Analysis: Weekly Chart
In the weekly charts, S&P 500 is trading in an upward channel.
It is trading below all SMAs: MA (5), MA (20), and MA (50).
The immediate support is at 4262 and the resistance level is at 4584.
S&P 500 is trading in an upward channel until there is a trend reversal.
S&P 500 Technical Analysis: Daily Chart
In the daily charts, S&P 500 is trading in a downward channel.
It is trading above MA (5) and MA (50) but below MA (20).
The immediate support is at 4375 and the resistance level is at 4465.
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 an upward channel until there is a trend reversal. However, the following opportunity can be taken if price breaks down further:
