S&P 500 Technical Analysis & Trading Suggestions

S&P 500 Technical Analysis

S&P 500 Price Technical Analysis: Weekly Chart

S&P 500 Technical Analysis
  • In the weekly charts, S&P 500 is trading in a downward 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 a downward trend in the coming weeks.
  • The  S&P 500 crucial support level is at 4,584.90  S&P 500  which is near 20 days SMA as of now. There are no signs of a Bullish trend.
  • Bears have their tight grip on  S&P 500.

TRADE SIGNAL- S&P 500– SELL: 4,450.50, TARGET:-4,350.30, STOP LOSS:- 4,550.55.

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