S&P 500 Index Technical Analysis & Trade Signals

S&P 500 Index Technical Analysis

S&P 500 Price Technical Analysis: Weekly Chart

S&P 500 Index Technical Analysis

In the weekly charts, S&P 500 is trading in an upward channel.

 S&P 500 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

 S&P 500 will follow an uptrend in the coming weeks.

The   S&P 500 crucial support level is at 4,424.38 which is near 20 days SMA as of now. There are no signs of a bearish trend.

The bulls have a tight grip on  S&P 500.

TRADE SIGNAL- S&P 500– BUY: 4,590.50, TARGET:-4,790.30, STOP LOSS:- 4,490.55.

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