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S&P 500 Index
Short

S&P 500 Breaks Key Support Level

221
As of 3:30 pm EST, the S&P 500 has broken a key support level of $4546.70 or the most recent pivot level on the day chart. We should expect a further drawdown to $4431.07, or the next pivot level/key support on the daily chart if the S&P 500 isn't able to close above the $4546.70 support level. This is a break in the short term trend only. Medium and long term trends are still intact. This is not a "sell all" moment, but rather something to be aware of. #thedailyinvestor
thedailyinvestor
Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis
thedailyinvestor

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.