Index Trading: S&P 500 Price Chart, Analysis and Trade Signals

Index Trading: S&P 500 Price Chart, Analysis and Trade Signals

S&P 500 Price Chart

S&P 500 Technical Analysis: Weekly Chart

S&P 500 Price 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

S&P 500 Price 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:

TRADE SUGGESTION: SELL AT 4324, TAKE PROFIT AT 4132 AND STOP LOSS AT 4480

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