S&P 500 Index has major support at 1,250
S&P 500 Index Three-Year Weekly Chart
Reference the previous analysis of the NASDAQ Index.
Traders are focusing on key resistance at 1,330 for the S&P 500
S&P 500 Daily Candlestick Chart
The most important points from the above chart for the S&P 500 are:
- Resistance levels exist on all stock charts.
- The S&P 500 must break and hold above the 1,330 level on the candlestick chart.
- The new support level will then be 1,330.
- The reversal of resistance to support is an important concept in technical analysis.
Complete the advanced chart settings and then view the weekly chart for the S&P 500 on BigCharts.