S&P 500 Index candlestick chart

Line in the sand for S&P 500 is 1600
S&P 500 Index candlestick chart showing the near-term downtrend and support at 1600.

S&P 500 Index Candlestick Chart

Major trend is up, intermediate trend is up and the near-term trend is down with support at 1600. The 40-day SMA is a good approximation of the trendline.

Reference the last sector analysis for the S&P 500 published on April 12, 2013 showing the relative performance of each sector.


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 author of this article may hold long or short positions in the featured stock or index.

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