S&P 500 Index May Resume Bullish Trajectory As Fed Meets

S&P 500 Index May Resume Bullish Trajectory As Fed Meets

S&P 500 Price Analysis – June 16

Following a U-turn from the all-time high, S&P 500 index is trading around in a 4235-50 range. The risk index, on the other hand, is based on US Treasury yields and depicts lethargic markets ahead of the critical US Federal Open Market Committee (FOMC) meeting.

Key Levels
Resistance Levels: 4400 4300, 4250
Support Levels: 4220, 4150, 4086
S&P 500 Long term Trend: Ranging
On the daily charts, the advance seems limited by the horizontal barrier at 4250, and the index may try to break through the resistance level. Meanwhile, if the bulls are unable to reclaim control at this point, a 38.2 percent retracement is possible.

The longer-term bias remains cautiously upwards, with first resistance at 4300, which must be overcome to clear the way for a move into 4500 levels. However, we may witness a more difficult test of a cluster of projection levels in the 4250/4300 zone in the future.
S&P 500 Short term Trend: Ranging
On the 4-hour time frame, the S&P 500 index is in a range trend, which suggests intra-day trades can be determined based on the larger time frame’s trend. The price has established a ranging pattern on the 4-hour time frame, and they usually break in the direction of the present trend.

The RSI is now trading at its midpoints; but, if it breaks below, it could signal that the bears are about to start their party, implying more weakness ahead. Short positions underneath 4220 levels are preferred, with targets at 4184 and 4150 in extension. Alternatively, we see 4266 and 4300 as targets for further gains.

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S&P 500 Steadies Around 4200 Levels Despite Nearness to All-Time Highs

S&P 500 Steadies Around 4200 Levels Despite Nearness to All-Time Highs

S&P 500 Price Analysis – June 9

Following the advance beyond the 4200 marks, the S&P 500 has been in its anticipated accumulation phase, with a relatively close trend swinging upwards towards all-time highs. An eventual closing break above 4238 and a continuation of the uptrend are eyed by investors.

Key Levels
Resistance Levels: 4350, 4300, 4250
Support levels: 4184, 4086, 4000

S&P 500 Long term Trend: Ranging
On the daily charts, the S&P 500 has moved into positive sideways trading, and the index may try to break through the next resistance level at 4250. Meanwhile, if the bulls are unable to reclaim control at this point, a retreat towards the next support at 4184 levels is possible.

The longer-term tendency remains cautiously upwards, with first resistance near 4250, which must be overcome to clear the way for a move into 4300 levels. However, we may see a more rigorous evaluation of a cluster of projection levels back in the 4000/4150 region in the near term.

S&P 500 Short term Trend: Ranging
On the 4-hour time frame, the S&P 500 index is in an upside range trend, which suggests intra-day trades can be derived in line with the larger time frame’s trend. The price has established a ranging pattern on the 4-hour time frame, and they usually break in the direction of the present trend.

The RSI is now trading above its midpoints, but the horizontal resistance at 4250 could act as resistance for the index in this session and the next. If the index falls, the horizontal support line at 4184 levels will provide support on dips, allowing buyers to re-emerge.

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S&P 500 Extend Sideways Trading As Traders Gather Fresh Clues

S&P 500 Extend Sideways Trading As Traders Gather Fresh Clues

S&P 500 Price Analysis – June 2

S&P 500 looks for direction as the market remains around the 4,200 regions after two days of positive bias. Fears of high inflation in the United States are prompting the Federal Reserve to begin tapering weighed on market mood before now. However, recent prospects for more stimulus seemed to have piqued the bears’ interest.

Key Levels
Resistance Levels: 4350, 4300, 4250
Support Levels: 4150, 4000, 3900
S&P 500 Long term Trend: Ranging
The S&P 500 Index may retain an immediate upward bias above the 4200 levels, bolstered by a shift higher in the daily Relative Strength Index for a return to and above the 4245 high levels. With the daily moving average (MA 5) tilted to the top, traders are looking for the uptrend to regain momentum and a break above 4220 near-term barriers to clear the way for a move back to the record high of 4245, above which we expect resistance at 4300.

Since March 2020, the index’s price has maintained within the ascending trendline support. On the immediate downside, 4000 (psychological level) is a significant support level that correlates with the ascending trendline. A daily closing above that level in the next sessions could lead the index to prolong its anticipated price correction to the 3,546 levels.
S&P 500 Short term Trend: Ranging
Although the S&P 500 index appears to be poised to extend its upward trend on the 4-hour time frame, the buying exposure may be limited unless the price breaks through the 4,250 barriers. If the market trades below the 4-hour moving averages 5 and 13, as well as the 4184 levels, it may open at the 4086 levels.

The RSI has been posting higher lows, indicating that the short-term bias is improving. However, unless the index breaks through the 4250 barriers, any further upside surge may not be appealing. However, if the bears win this struggle, a more aggressive sell-off could follow.

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S&P 500 Shows Modest Gains Past the 4200 Region

S&P 500 Shows Modest Gains Past the 4200 Region

S&P 500 Price Analysis – May 26

Following a gloomy result of Wall Street benchmarks, the S&P 500 recovers 0.20 percent intraday. At the time of this post, the index was trading around the 4200 regions after a stop of the prior day’s pullback from a weekly high of 4216 levels. The recent rise implies that market movers’ optimism on the U.S Federal Reserve and other global central banks are maintaining their support.

Key Levels
Resistance Levels: 4,300, 4,250, 4,220
Support Levels: 4, 150, 4,100, 4,035
S&P 500 Long term Trend: Ranging
From a technical standpoint, the S&P 500 is likely to challenge its all-time high of 4245, which is a crucial resistance to watch out for in 2021. A substantial break above the 4245 resistance level might pave the way for a move higher towards the next major resistance level around 4300.

Momentum indicators, on the other hand, may soon signal the possibility of a technical drop once the index reaches the overbought zone. On the daily charts, immediate support can be located at 4150 around the MA 200, followed by 4100, and finally 4035 levels.
S&P 500 Short term Trend: Ranging
On the 4-hour time frame, the S&P 500 index is in an upside range trend, which suggests intra-day trades can be derived in line with the larger time frame’s trend. The price has established a ranging pattern on the 4-hour time frame, and they usually break in the direction of the present trend.

The RSI is now trading above its midpoints, but the horizontal resistance at 4220 could act as resistance for the index in this session and the next. If the S&P 500 falls, the horizontal support line at 4150 levels will provide support on dips, allowing buyers to re-emerge.

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S&P 500 Trades Lower As Risk-Off Mood Fails To Lift the Greenback

S&P 500 Trades Lower As Risk-Off Mood Fails To Lift the Greenback

S&P 500 Price Analysis – May 19

Global equity indices began the week on a mixed note, with major sectors performing differently. As of this writing, the S&P 500 is down 0.88% on the day, trading at 4,084 level. On Tuesday, the indexes were pulled by doubts about the Fed’s next step, which came amid disappointing housing data and the prospect of further stimulus.

Key Levels
Resistance Levels: 4250, 4184, 4129
Support Levels: 4000, 3963, 3900
S&P 500 Long term Trend: Ranging
As sellers finally look to take advantage of the medium-term correction, the S&P 500 is struggling to maintain its step above the 4000 support zone. Meanwhile, the bearish pressure is expected to weaken and remain around the mid-3900 levels, as the market trades above the 4000 support region, consolidating further into the next session.

The RSI is currently moving beneath its midlines, while the price has turned lower after retracement from the 4,184 weekly high level in the previous sessions, confirming the ranging outlook. In the medium term, the moving average 13 holds its location and will shift slightly horizontally to act as a barrier to the price recovery.
S&P 500 Short term Trend: Ranging
The S&P 500 index has been on the decline in the short term since breaking through the consolidation area of 4129 levels earlier this week. As the price fell below the 4 hour MA 5 and 13, a breach of the closest support at 4000 levels is expected before the price retreats further.

The S&P 500 support zone at 4035 must hold to keep the immediate risk lower for a return to 4129, above which we see resistance at the top of the moving averages at 4184 levels, which should limit the advance initially on subsequent rebounds.

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S&P 500 Recoups Prior Day Losses Amid Record Highs Boosted by Investor Optimism

S&P 500 Recoups Prior Day Losses Amid Record Highs Boosted by Investor Optimism

S&P 500 Price Analysis – May 5

The S&P 500 index is recuperating under a new high set at 4220.2 after the recent rally on Monday fueled by positive US results. The index recoups from a pullback to 4129.6 low early in the European session. Investor optimism in the economy reopening and recovery is speeding up and has improved significantly.

Key Levels
Resistance Levels: 4350, 4300, 4250
Support Levels: 4129, 4086, 4000

S&P 500 Long term Trend: Ranging
The S&P 500 is poised to reclaim its recent high of 4220.2, which is a crucial technical high to keep an eye on. A substantial break above the medium-term horizontal resistance level of 4200 could pave the way for a move past the recent significant high of 4220.2.

Momentum indicators, on the other hand, may soon signal the continuation of the initial technical pullback from overbought zones. On the daily charts, immediate support can be found at 4129, followed by 4086.8, and finally 4000.
S&P 500 Short term Trend: Ranging
During the prior day trading session, the S&P 500 recouped its losses from the 4129 level. Beyond the 4086 near-term support levels, the index is trading above the moving average of 5 at the upside channel pattern. The index is expected to range over the next trading session, according to technical indicators.

The 4220 levels may be a possible goal for bulls. Nevertheless, the index can meet opposition from the horizontal resistance at 4200 in this session and the next. If the S&P 500 falls, it will be supported on dips by the horizontal support at 4129 levels, where buyers can re-emerge.

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S&P 500 Registers a Temporary High Around 4200, Amid Virus Resurgence

S&P 500 Registers a Temporary High Around 4200, Amid Virus Resurgence

S&P 500 Price Analysis – April 21

The S&P 500 Index has nearly reached the 4200 levels, as buyers pushed the price to register a temporary peak at the start of the week. The risk barometer tracks the stock market’s declines in the United States as a result of the coronavirus (COVID-19) concerns, thus ignoring recent vaccine improvements.

Key Levels
Resistance Levels: 4300, 4250, 4200
Support Levels: 4086, 4000, 3900
S&P 500 Long term Trend: Bullish
The barrier at moving average (MA 5) limiting price advance may remain intact, despite today’s bounce towards the resistance around the 4150 levels. A step below this level is needed to confirm that a corrective process has begun.

If seen, support will be found at the late April 6 high of 4086 at first, and then, as the pattern indicates, a cluster of supports lower at 4000 levels. A move back to the 4200 regions would require a move above 4150 levels and the limiting MA 5 to ease the immediate downside bias, with tougher resistance seen at 4250 levels.
S&P 500 Short term Trend: Ranging
In the 4-hour chart, the S&P 500 index fell below the all-time peak of 4193 and slid marginally below the short-term moving averages of 13. Although the price remains in the positive zone around the MA 5, the relative strength index is staying below its midpoint of 50. If the bears gain power, horizontal support at the 4086 levels may provide immediate support.

On the other hand, an upside extension could push the index to its all-time high of 4193 and then to the 4250 resistance mark. Despite the current correction, the S&P 500 index is expected to continue to rise in the near term.

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US 500 [S&P500] Aiming At New Records!

US 500 [S&P500] Aiming At New Records!

US500 closed the week at 4180.60 below 4191.9 new all-time high. The outlook is bullish, so the index could resume its upwards movement. USD’s depreciation helped the US stock market to hit new records.

Any temporary retreat could help the buyers to go long and catch a new upside momentum even if the rate is located at historical highs. Technically, US500 (S&P500) has validated more gains ahead. Still, we need to search for good risk to reward entries as the market could drop anytime from the highs.

US500 is traded right above the weekly R2 (4168.3) after invalidating a potential corrective phase. The rate has registered only false breakdowns through the uptrend line offering good long entries.

The index is trapped within an up channel, so the outlook remains bullish as long as it stays inside of this pattern. The next major upside target is seen at the channel’s upside line.

The last false breakdown through the uptrend line followed by a new higher high represented a good long entry. Now we have to wait for a fresh bullish signal before going long. Confirming its breakout above the R2 could bring a new opportunity soon.

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Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

S&P 500 upside bias wanes beneath mid 4100 levels, capped by higher yields

S&P 500 upside bias wanes beneath mid 4100 levels, capped by higher yields

S&P 500 Price Analysis – April 14

The S&P 500 updated the record highs during the day at 4154 levels, gaining 0.02% before retreating lower. The bond market sell-off will restart in due course, capping stock market gains. Since mid-March, the 10-year Treasury yield has been relatively steady.

Key Levels
Resistance Levels: 4250, 4200, 4154
Support Levels: 4100, 4063, 3991
S&P 500 Long term Trend: Bullish
On a daily basis, the uptrend is expected to falter and remain below the 4154 daily peaks, while the market is trading above support level 4086 and consolidating further into the next session, until hitting the resistance level at 4200.

The RSI is currently going away from the overbought threshold, while the price has turned lower after retracement from the 4154 marks, confirming the ranging outlook. In the medium-term outlook, the moving average 5 and 13 holds its location and can shift marginally higher.
S&P 500 Short term Trend: Bullish
The S&P 500 index has a bullish outlook in the short term since breaking through the consolidation region of 4063-4086 levels the previous week. With the price breaking through the 4100 barriers, traders are expecting a retest of the record high at 4200 levels before finally retreating.

However, rising bearish momentum and a south-trending 4 hour Relative Strength Index point to more weakness, bringing bears completely into play on a firm break of the pivots at 4100. Until another turnaround, the expected scenario is located under 4100 levels, with targets at 4086 and 4063 levels extension.

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S&P 500 Heads Beyond the 4100 Level on a Global Economic Rebound

S&P 500 Heads Beyond the 4100 Level on a Global Economic Rebound

S&P 500 Price Analysis – April 8

S&P 500 renewed its year high by rising above 4100 at the time of this post. The index is consolidating under a new record high of 4102.5, posted after a 0.12% rally on Thursday, sparked by positive market sentiment. The global economy jumped as optimism about rapid growth surpassed geopolitical risks.

Key Levels
Resistance Levels: 4300, 4200 4100
Support Levels: 4000, 3900, 3800
S&P 500 Long term Trend: Bullish
The S&P 500 has gained ground after a month of strong negative sessions, with the RSI indicator turning up and establishing a bullish crossover towards its overbought territory. Currently, the price found resistance at the horizontal line at 4100 levels and the price is moving is still trending to flip the resistance into support.

A close beyond 4100 remains in the picture, indicating the level as possible solid support. Meanwhile, the 4000 levels are likely to act as support on the downside. Trading above this region will help to hold the emphasis to the upside, towards the 4200 levels. If the index fails to close the day above the 4100, which is currently seen as a fresh zone for the bulls, the level at 4000 could support the buying pressure to remain intact.
S&P 500 short term Trend: Ranging
On the four-hour time frame, price action has broken through the 4100 resistance line but eased to 4089 near-term lows. A break beneath the 4-hour MA 13 at the bottom invalidates the bullish run, while sustained trading above the 4100 top confirms the uptrend. On the downside, if the S&P 500 succeeds to break lower through the MA 5 and MA 13 confluence zone, it can fall to the 4000 levels.

Otherwise, if sellers fail to drive the S&P 500 below to the key 4000 levels and the 4-hour moving average 5 and 13 it may increase the risk of a move higher towards the 4200 levels. In the event selling interest persists, the key support region of 3950 and the 3900 levels, which overlaps with the ascending trendline from March could halt the decline.

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$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.