S&P500 SPX Technical Analysis: The S&P 500 Index is trading in a downtrend today, as it has declined from its highest price so far at 5802 points to the lowest price at 5730 points, with the current price reaching 5735 points. This decline indicates significant selling pressure in the market.
S&P500 SPX Technical Analysis :
Price action indicates that the index is trading below the moving averages, which supports the downtrend. The MACD indicator also shows strength in the negative direction, which enhances the possibility of continued pressure on prices in the coming period.
Future Outlook:
If the downtrend continues, we are likely to witness further declines in the index. It is important to monitor any signs of a change in momentum or a reversal in the trend, as these changes may indicate potential opportunities to trade in the opposite direction.

Trading strategies based on Buy/Sell levels
SP500 | In case of buying | in case of selling |
Entry point | 5759 | 5716 |
Target Point 1 (TP1) | First resistance: 5775 | First support: 5688 |
Target Point 2 (TP2) | Second resistance: 5789 | Second support: 5668 |
Stop Loss (SL) | 5716 | 5759 |
The S&P 500 appears to be in a bearish mode, with signs of a continued downtrend. Future developments should be closely monitored, as they could have a significant impact on the index’s movements in the coming days.