S&P 500 Index candlestick chart analysis

Critical support level to monitor is 1,335
Critical support level for the S&P 500 Index is 1,335.  The index is still trading above the upward sloping intermediate trendline.

S&P 500 Index 6 Month Daily Chart

The support level of 1,335 is near the 50 day moving average. This is a key intermediate support level and automated trading systems are programmed to initiate sell orders went the level is breached by a predetermined amount.

Reference the previous chart analysis for the S&P 500 Index showing the upward sloping intermediate trendline.

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Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.

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