S&P 500: WEEKLY SCENARIO

Technical Analysis

S&P 500  Price Technical Analysis: Weekly Chart

S&P 500 Price 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 4212.06 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on S&P 500 .

TRADE SIGNAL-S&P 500– Buy: 4570.20, TARGET:-4620.20, STOP LOSS:- 4545.20.

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