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

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

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 all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 4060 and the resistance level is at 4380.

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 (5), MA (20), and MA (50).

The immediate support is at 4160 and the resistance level is at 4230.

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 4056, TAKE PROFIT AT 3860 AND STOP LOSS AT 4205

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