S&P 500 Index Technical Analysis: Weekly Chart

In the weekly charts, S&P 500 is trading in an up channel. S&P 500 is currently trading above the middle line of Bollinger bands.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 4100.00 the resistance level is at 4400.00

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

S&P 500 Index Technical Analysis: Daily Chart

In the daily charts, S&P 500 is trading in an up channel. S&P 500 is currently trading above the middle line of Bollinger Bands.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 4200.00 the resistance level is at 4500.00

S&P 500 will trade in an up channel until there is an upside breakout.  

How to Trade S&P 500 Index this Week:

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

TRADE SUGGESTION- BUY AT 4298.95, TAKE PROFIT AT 4500.00, AND STOP LOSS AT 4000.00