S&P 500

here is the topic with tech analysis of biggest American index SP500. 

here is mine.

D1. W1.   Bearish close around 3014 below weekly and monthly open (3054, 3026) may suggest next week target around 2944-2922 or lower 2850. 
Quarlterly SP500 is still positive so next week will be decisive because the quarter and month ends , big players are rebalancing positions..  
the second scenario is range bound market and the price will get back to wide consolidation (if price will back above 3026 level)



Linkback: https://www.forex.zone/technical/11/sandp-500/3139/

here is also technical chart from Citi Bank which visualize panic euphoria indicator. It is just sentiment amongst Citi bank clients . Too high euphoria means that market could reach a top , too big panic (low levels) would suggest potential bottom.. For now when SP 500 is on monthly lows i think euphoria doesn't suggest nothing special.. maybe only this that price can be lower ..

so the buyers similar to Nasdaq 100 are holding SP500  and buying every dip. 3060 now is the key for further upside , monthly open at 3026 still holding .  end of the US session was very strong in volumes traded (around + 1.4 Billion USD buy) . so we will see . technical levels to the upside and downside are located at every 50 point (same as previous week). 

3100 broken, now it is short term support , lower critical level 3080. SP500 closed strong quarter but not so strong month so we will see how it will go next week. 

SP500 current crazy action in few words..


Three days wide consolidation above major levels like monthly open and weekly open . major level for short term direction is 3147 . Selling below , buying above. Friday can be non trend day too. 

SP500

short technical view:

strong rejection from the upside resistance this week . Almost 3300 high but the market went below 3225 (weekly open) and now we have bearish pinbar on the weekly chart. 
Other technical important levels are 3180-190 for buyers. Below this levels sellers can take more control over this market and test 3100 or lower.  

Update SP500

today after open from d1 and w1 (still developing) we can see that sellers tried to break below 3202 without effect . now on m30 chart we have upside momentum and price is touching previous week;s open  at 3225 . So if this level will break to the upside today we can see higher prices around 3250-280.  

SP500 update - end of session.


And the h4 negated the bullish pin despite little rise after the pin. then the end of session became more dynamic and daily chart is showing weakness , bears absorbed previous day's gain. Market closed  at the weekly open. Lower levels in play still: 3189.