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 S&P 500 (SP500.NDX) Close: 2 439.07 (+0.77), Jun 26, 2017

Chart Technical Analysis S&P 500 (SP500)

rsi chart
 Positive Candidate (Score: 88)
-Overall analysis, Jun 26, 2017
Analysis Explanation
S&P 500 is technically positive for the short, medium, as well as the long term.

 Positive Candidate (Score: 85)
-Short term
S&P 500 is within a rising trend. Continued positive development within the trend channel is indicated. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 2414. Further rise to 2476 or more is signaled. The index is approaching the support at points 2432, which may give a positive reaction. The index is overall assessed as technically positive for the short term.

 Positive Candidate (Score: 92)
-Medium term
S&P 500 is in a rising trend, but is now testing the ceiling of the trend channel. This may give a reaction down, while a continued rise within the trend channel may be expected for the longer term. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 2414. Further rise to 2476 or more is signaled. The index has broken up through the resistance at points 2400. This predicts a further rise. The index is overall assessed as technically positive for the medium long term.

 Positive Candidate (Score: 61)
-Long term
S&P 500 is in a rising trend and a continued rise within this trend may be expected. However, the price is now close to the ceiling of the trend channel, which may give a reaction down. Has risen strongly since the positive signal from a rectangle formation at the break through the resistance at 2084. The objective at 2362 is now met, but the formation still gives a signal in the same direction. The index has support at points 2120. The index is overall assessed as technically positive for the long term.

1 day-0.52%0.00+0.03%
5 days0.001.64%0.00-0.59%
22 days0.004.25%0.00+1.44%
66 days0.008.22%0.00+3.86%

 


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