Indices Trading – S&P 500 Index Price Chart, Analysis and Trade Signals
27 Apr 2022
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S&P 500 Technical Analysis: Weekly 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
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: