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

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

S&P 500 Index Price Chart

S&P 500 Technical Analysis: Weekly Chart

S&P 500 Index Price 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

S&P 500 Index Price 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:

TRADE SUGGESTION: SELL AT 4040, TAKE PROFIT AT 3675, AND STOP LOSS AT 4325

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