Intermediate uptrend for S&P 500 Index

Resistance level of 1,470 will be a major test for S&P 500 Index
Intermediate uptrend for the S&P 500 Index with major resistance at 1,470

S&P 500 6-Month Daily Chart

Yes, 1,470 is a major resistance level for the S&P 500. A confirmed breakout would give the index a shot at the all-time high of 1,565.15 reached on October 9, 2007.

Reference the last chart analysis for the S&P 500 Index.

______________________________

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. 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.

© 2013 TradeOnline.ca

Leave a Reply

Your email address will not be published.