S&P500 SPX Technical Analysis: strong rise

American session, date: 7/10/2024

Introduction and overview

This report provides a technical analysis of the S&P 500 index during the American session, focusing on trading strategies based on resistance and support levels. The index is currently trading at the level of $5586. Prices are trading above most of the moving average intersections, indicating an upward trend. The MACD indicator indicates strength in a positive direction.

S&P500 SPX Technical Analysis

Trading strategies levels on Buy/Sell level

SP500 In case of buying in case of selling
Entry point 5595 5557
Target Point 1 (TP1) First resistance: 5613 First support: 5544
Target Point 2 (TP2) Second resistance: 5655 Second support: 5520
Stop Loss (SL) 5557 5595



The technical analytical study of this data showed clear results indicating the main trends and changes in the market. The technical indicators used and graphical analysis highlight the relative strength of the assets studied, and help identify potential investment opportunities and associated risks. This technical analysis reflects the importance of integrating modern tools and technologies into the investment decision-making process to enhance efficiency and accuracy. In light of these results, investors can improve their strategies and achieve better performance in the financial markets.

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