S&P 500 Sustains Beyond 4,500 Despite Weak US Treasury Yields

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

S&P 500 Price Analysis – September 8

At 4,516, the S&P 500 Index is down 0.05 percent on the day. After a positive performance of the global stock market in recent days, which was extended in China but not in Japan, concerns about an economic slowdown due to the Delta variant increased after the nonfarm payrolls report came in short of expectations.

Key Levels
Resistance Levels: 4650, 4600, 4551
Support Levels: 4450, 4400, 4350
S&P 500 Long term Trend: Bullish
The S&P 500 eases from the resistance level of 4551, which is a horizontal zone connecting the peaks of August 2021. It’s worth noticing that the daily relative strength index has been trading below the overbought zone since July, indicating that bullish momentum is fading.

A pullback could occur if the aforementioned overbought zone and the resistance level of 4551 are tested and rejected again. Although this is not a warning of reversal, temporary weariness cannot be ruled out. Medium-term supports will be at the 4431 and the round figure of 4400.
S&P 500 Short term Trend: Bullish
On the 4-hour time frame, the S&P 500 index is in an ascending trend, which suggests intra-day trades can be derived based on the larger time frame’s trend. The price has established an upward continuation pattern on the 4-hour time frame, and they usually break in the direction of the present trend.

The RSI is now trading towards its midpoints; but, if it returns below, it could signal that the bears are about to start their party, implying more weakness ahead. Short positions beneath 4500 levels are preferred, with targets at 4431 and 4400 in extension. Alternatively, we may look for more gains, with objectives of 4551 and 4600.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *