S&P 500 Technical Analysis: Weekly Chart
In the weekly charts, S&P 500 is trading in a downward channel.
It is trading below MA (20) and MA (50) but above MA (100).
RSI is in the selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 4060 and the resistance level is at 4480
S&P 500 is trading in a downward 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 below all SMAs: MA (20), MA (50), and MA (100).
RSI is in the selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 4116 and the resistance level is at 4256
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:
