. S&P 500 Index Technical Analysis & Trade Signal - 14 September

S&P 500 Index Technical Analysis & Trade Signal – 14 September 2022

S&P 500 Index Technical Analysis & Trade Signal – 14 September 2022

14 Sep 2022

S&P 500 Technical Analysis: Weekly Chart

S&P 500 Index Technical Analysis

In the weekly charts, S&P 500 is trading in a down channel. S&P 500 is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 3870.00 the resistance level is at 4100.00

S&P 500 will trade in a down channel until there is a trend reversal.

S&P 500 Technical Analysis: Daily Chart

S&P 500 Index Technical Analysis

In the daily charts, S&P 500 was trading in a down channel. S&P 500 is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 3900.00 the resistance level is at 4050.00

S&P 500 was traded in a down channel before there is a breakout upside.   

How to Trade S&P 500 this Week:

S&P 500 will follow the downtrend until its trend reversal. So, remain bearish on S&P 500

TRADE SUGGESTION- SELL AT 3940.95, TAKE PROFIT AT 3880.00 AND STOP LOSS AT 4020.00