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S&P 500 Technical Analysis - S&P 500 Trading: 2022-03-21
S&P 500 Index Technical Analysis Summary
Above 4440
Buy Stop
Below 4100
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
S&P 500 Index Chart Analysis
S&P 500 Index Technical Analysis
On the daily timeframe, SP500: D1 has formed a triple bottom and exited the downtrend up. A number of indicators of technical analysis formed signals for further growth. We do not rule out a bullish movement if SP500: D1 rises above the 200-day moving average and its latest high: 4440. This level can be used as an entry point. The initial risk limit is possible below the Parabolic signal, the lower Bollinger band, the last three lower fractals and the 10-month low: 4100. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders after making a trade can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (4100) without activating the order (4440), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Indices - S&P 500 Index
The stock market positively assessed the slight increase in the Fed's rate. Will the SP500 quotes continue to grow?
The US Federal Reserve has raised the rate from 0.25% to 0.5% for the first time since December 2018. Investors decided that this would not have a strong negative impact on the activities of US corporations. The new rate is still well below inflation, which in February was 7.9% y/y. The Producer Price Index (producer prices) grew even more and reached 10% y/y. It should be noted that the crisis in Ukraine may increase the attractiveness of US stocks for investors in comparison with securities of European companies. Last week, the number of recipients of unemployment benefits in the United States (Continuing Jobless Claims) fell to a minimum in the last 52 years and amounted to 1.42 million, which may indicate an increase in business activity in the country.
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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
