S&P 500 Technical Analysis & Trading Tips

S&P 500 Price Technical Analysis: Weekly Chart

• 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 4,583.90  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: 4,590.50, TARGET:-4,390.30, STOP LOSS:- 4,690.55.