S&P 500 free support and resistance chart updated on 06th May 2015, Wednesday.


S&P 500 INDEX


S&P 500 Index is witnessing strong selling pressure from its previous top this indicates as long as it holds below from its resistance zone bears will be favored and further price fall can be seen in coming days, Index will favor bulls once it closes and holds above its trend line resistance in daily chart as shown in above graph. Visit our site for more free support and resistance technical charts.

On down side Index will find strong support around its 100 days moving average, as shown in above graph index bounced back from its 100 DMA from two times, bulls will find some hopes for bounce backat 100 DMA, but if index fails to hold and starts trading below its 100 DMA support zone then further selling pressure can be seen in coming days.

Even index major trend indicator "MACD" indicating that it has now turned negative this indicates further weakness can be seen in coming days in s&p 500.
Posted by
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Nasdaq Stocks Chart

Visit this blog daily for free nasdaq stocks chart and technical analysis on stock listed on Us Stock Market.

Nasdaq Composite Update - 17- 03 -16

Market Close Report: NASDAQ Composite index closes at 4,774.99 up 11.02 points.

Thursday's session closes with the NASDAQ Composite Index at 4,774.99. The total shares traded for the NASDAQ was over 1.85 billion.

Advancers stocks led declining by 2.17 to 1 ratio. There were 1954 advancers and 901 decliners for the day. On the NASDAQ Stock Exchange 42 stocks reached a 52 week high and 30 reaching lows.

The NASDAQ 100 index closed down -.09% for the day; a total of -3.94 points. The current value is 4,400.26.

DISCLAIMER

All the contents of http://nasdaqstockschart.blogspot.com are for educational purposes only and are not Investment Advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures. http://nasdaqstockschart.blogspot.com shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial or investment adviser before acting on any of the Ideas in this blog.