SP500 Chart and Technical Analysis

The SP500 chart catalogue below is an aggregation of the Technical Analysis and Outlook published ideologies in the TradingView platform whenever TradeSelecter.com posts new market developments that become known.

The Standard & Poor's 500 Index, or the S&P 500 Index, is a market-capitalization-weighted index of 500 well-known/leading publicly traded companies in the United States - Click on the link below to access the chart and ''Update Idea.''

S&P 500 Daily Chart Analysis For Week of April 25, 2025

In this week's trading session, the Index did steady to higher prices, distancing itself from the rendered obsolete Mean Resistance level of 5455 and targeting the next significant mark identified as Outer Index Rally 5550. This trend lays the groundwork for a continued upward movement; however, there is also a considerable risk of a sharp pullback to the Mean Support level of 5370 after reaching the Outer Index Rally at 5550.

Contrariwise, it is essential to acknowledge the possibility of upward momentum continuation resulting in meeting the primary target Outer Index Rally 5550 by challenging the Mean Resistance of 5672 and extending toward additional levels: Mean Resistance 5778 and Outer Index Rally 5945.

S&P 500 Daily Chart Analysis For Week of April 17, 2025

In the recent shortened trading session, the Index recorded steady to lower prices, distancing itself from the Mean Resistance level of 5455, as indicated in the previous week's Daily Chart analysis. This trend establishes a foundation for continuing the downward trajectory, targeting the Mean Support level 5140. Should this downward momentum persist, further declines may extend to the next Mean Support level of 4970 and ultimately reach the completed Outer Index Dip at 4890.

Conversely, it is essential to acknowledge the possibility of upward momentum at the current price level, which may challenge the Mean Resistance of 5455 and extend toward the Outer Index Rally at 5550.

S&P 500 Daily Chart Analysis For Week of April 11, 2025

During the current trading session, the Index has recorded lower opening prices, thereby completing our key Outer Index Dip levels at 5026 and 4893, as previously highlighted in last week's Daily Chart analysis. This development establishes a foundation for a continuous upward trend, targeting the Outer Index Rally at 5550, with an interim resistance identified at 5455. Should this upward momentum persist, further extension may reach the subsequent resistance levels of 5672 and 5778, respectively. However, it is essential to note that a downward momentum may occur at the very significant completion target level of the Outer Index Rally at 5550, with the primary objective being a Mean Sup 5140 and retest of the completed Outer Index Dip at 4890.

S&P 500 Daily Chart Analysis For Week of April 4, 2025

During this week's trading session, the Index experienced lower openings, completing the Outer Index Dip at 5403, as highlighted in the previous week's Daily Chart analysis. This development lays a foundation for a potential decline targeting the Outer Index Dip at 5026, with the possibility of further extension to the subsequent target of the next Outer Index Dip, 4893. An upward momentum may materialize at either completed target level, with the primary objective being the Mean Resistance level of 5185.

S&P 500 Daily Chart Analysis For Week of March 28, 2025

During this week's trading session, the Index gapped higher, passing our completed Inner Index Rally of 5712 and setting a Mean Resistance of 5768. This target was accompanied by considerable reversal, ultimately causing a downward movement. On the final trading day of the week, the Index underwent a pronounced decline, resulting in a substantial drop that surpassed the critical target of Mean Support set at 5603. The Index is positioned to retest the completed Outer Index Dip level of 5520. An extended decline is feasible, with the possibility of targeting the subsequent Outer Index Dip at 5403 before resuming an upward rally from either of these Outer Index Dip levels.

S&P 500 Daily Chart Analysis For Week of March 21, 2025

During the course of this week's trading session, the S&P 500 achieved the designated target for the Inner Index Rally at 5576, which occurred midweek. This target was accompanied by considerable volatility, ultimately hindering upward movement. On the week's final trading day, the index experienced a notable decline, resulting in a significant drop that reached our critical target, Mean Support, at 5603.

Consequently, the index is now poised to target a retest of the Inner Index Rally level 5712, with a subsequent potential target identified at the Mean Resistance level 5840. It is essential to consider that upon reaching the Inner Index Rally target of 5712, a decrease in the current price level is anticipated, which may lead to a retest of the Mean Support at 5601. Furthermore, an extended decline is possible to revisit the completed Outer Index Dip at 5520 before the resumption of an upward rally.

S&P 500 Daily Chart Analysis For Week of March 14, 2025

During the recent weekly trading session, the S&P 500 reached the designated target of the Outer Index Dip at 5576, showing considerable volatility. On the last day of the trading session, the index experienced a significant rebound, leading to an impressive upward trajectory from that position. As a result, it is now aiming for the Inner Index Rally target set at 5712, with a potential subsequent target identified at the Mean Resistance level of 5840. Therefore, upon reaching the Inner Index Rally target 5712, or if there is a decline from its current price level, the index is expected to retest the completed Outer Index Dip at 5521, potentially reinstating the upward rally.

S&P 500 Daily Chart Analysis For Week of March 7, 2025

In the recent weekly trading session, the S&P 500 successfully retested the Mean Resistance level of 5967; however, it subsequently experienced a significant decline. This decline brought the index back to the Mean Support level of 5860 and further down to the next major Key Support level of 5710. After this downturn, the index established a new critical support level at 5683. It is now positioned to target the Mean Resistance level of 5840. Should the index initiate an upward movement from its current position and successfully surpass this key resistance, it may continue to ascend toward the subsequent Mean Resistance level of 5955.

Conversely, suppose the index experiences a decline from the retested level of 5840. In that case, it will likely target the Mean Support level of 5683, with a further descent to an Outer Index Dip of 5576.

S&P 500 Daily Chart Analysis For Week of February 28, 2025

In the recent weekly trading session, the S&P 500 did not succeed in retesting the Mean Resistance level of 6082. Instead, the index experienced a notable decline, reaching the Mean Support level of 5939 and narrowly approaching the Key Support level of 5827.

Following this downturn, a significant rebound occurred, resulting in the establishment of a new Mean Support level at 5860. The index is now positioned to target the Mean Resistance level of 5967. Should the index initiate an upward movement from its current level and successfully surpass the critical Mean Resistance of 5967, it may continue to rise toward the Mean Resistance level of 6032, potentially reaching the Key Resistance level of 6143.

Conversely, if the index declines from its present position, it may create a retest pullback to revisit the Mean Support level of 5860 before resuming further upward momentum.

S&P 500 Daily Chart Analysis For Week of February 21, 2025

In the most recent weekly trading session, the S&P 500 surpassed our completed Outer Index Rally threshold of 6120, rendering the Key Resistance at this level obsolete. Nevertheless, following a significant price reversal, the index breached the Mean Support level of 6049 and is approaching the critical support level established at 5995. The index could decline further, potentially reaching the Mean Support level of 5939 and the Key Support at 5827.

Should the index initiate an upward movement from its current position or the Mean Support level of 5995, it may ascend to the newly established Mean Resistance level of 6082, potentially extending toward the Key Resistance level of 6143.

S&P 500 Daily Chart Analysis For Week of February 14, 2025

During the recent weekly trading session, the S&P 500 effectively reached and tested the critical Key Resistance level at 6083. It retested the completed Outer Index Rally at 6120, indicating a potential continuation of the bullish trend toward the intermediate target of 6233. However, a market pullback is anticipated due to this price action. Current analyses suggest that the designated downward target is set at the Mean Support level of 6049, with potential extensions to 5995, 5936, and the Outer Index Dip at 5878

S&P 500 Daily Chart Analysis For Week of February 7, 2025

During the weekly trading session, the S&P 500 effectively hit critical support levels at 5996 and 5936, respectively. A downtrend presently characterizes the market, as bullish momentum is stalled. Current analyses indicate that this downward trajectory will likely persist, with anticipated retesting of the Mean Support levels of 5996, the possibility of trading at Mean Support 5936, and a significant decline to the Outer Index Dip at 5878. Should this scenario not materialize, the market is favorably positioned for the subsequent phase of the bullish trend, with the test of the newly established resistance level at 6083 and revisiting the previously completed Outer Index Rally level of 6120.

S&P 500 Daily Chart Analysis For Week of January 31, 2025

During the current weekly trading session, the S&P 500 has successfully retested the significant threshold of the completed Outer Index Rally at 6123. The market is presently exhibiting a downtrend phase, as the bullish momentum appears to be temporarily suspended. Analyses indicate that this downward trajectory will likely persist, with targets set at the Mean Support levels of 5996 and potentially 5936. This considerable corrective pullback may create an opportunity for the re-establishment of a bullish trajectory toward further rally targets. Should this development occur, the market could be favorably positioned for the subsequent phase of the bullish trend, which would involve retesting the completed Outer Index Rally level of 6120 and targeting the following Outer Index Rally levels of 6233 and the highly anticipated target of 6418.

S&P 500 Daily Chart Analysis For Week of January 24, 2025

During this week's trading session, the S&P 500 successfully achieved our predefined target of Outer Index Rally, 6123, corresponding to the Key Resistance established at 6090. The market is currently exhibiting a phase of consolidation, as the bullish trend appears to be transiently suspended following the conclusion of the outer index rally. It is, however, essential to acknowledge that the absence of a significant corrective pullback may facilitate the re-initiation of a bullish trajectory toward additional rally targets. Such a development would position the market advantageously for the forthcoming phase of the bullish trend.

S&P 500 Daily Chart Analysis For Week of January 17, 2025

During the recent trading session, the S&P 500 attained our designated downside target of Mean Support at 5775, which initiated a robust rally. This rally enabled the index to reach our target of Mean Resistance at 5920 and advance further to the newly identified Mean Resistance at 6035. The market is currently exhibiting strong and consistent upward movement. The bullish trend appears poised to continue towards our subsequent target, the Outer Index Rally at 6123, which will be approached via Key Resistance at 6090. Following that, additional targets of 6233 and 6418 are also anticipated. However, it is essential to acknowledge that reaching the initial rally level and the subsequent targets will result in a price pullback. Such a pullback is expected to prepare the market for the next phase of the bullish trend.

S&P 500 Daily Chart Analysis For Week of January 10, 2025

During the recent trading session, the S&P 500 demonstrated a robust rally, exceeding a notable support level at 5872. This upward movement, however, resulted in a significant decline of the index to a critical support level at 5870 and lower lows. The volatility associated with this upward trend has introduced instability by destabilizing the bullish trend by flagging a new downward target marked at Outer Index Dip 5645. However, it is crucial to acknowledge that encountering subsequent support levels of Mean Sup 5770 may trigger a substantial rally, potentially leading to the Mean Res at 5920, before plunging again to drop toward the targeted level of 5645.

S&P 500 Daily Chart Analysis For Week of January 3, 2025

During this abbreviated trading week, the S&P 500 made a wild ride pullback against a very significant Mean Sup 5870. Subsequently, it rallied robustly, approaching our newly established target of Key Resistance at 5972. This upward movement is anticipated to stabilize or continue to rise, sustaining the bullish trend. However, it is crucial to acknowledge that encountering subsequent resistance may trigger a substantial pullback, potentially leading to the Mean Support at 5870, which remains a plausible scenario.

S&P 500 Daily Chart Analysis For Week of December 27, 2024

During this short trading week, the S&P 500 made significant gains and is approaching our main target, Key Resistance at 6090. This movement is expected to support the next phase of the interim rebound, with the goal of breaking through the Key Resistance level at 6090 and continuing the bullish trend. However, it's important to acknowledge that a retest of the Mean Support at 5870 is still a likely scenario.

S&P 500 Daily Chart Analysis For Week of December 20, 2024

During this week's trading, the S&P 500 index exhibited considerable volatility after reaching our critical support level of Mean Support 5870. Subsequently, it demonstrated a robust upward recovery. This development is anticipated to facilitate the impending phase of the renewed interim rebound, with the objective of retesting the Key Resistance level at 6090, thereby paving the way for continuing the bullish trend. However, it is crucial to recognize that a retest of the Mean Support 5870 remains a great possibility.

S&P 500 Daily Chart Analysis For Week of December 13, 2024

During the trading session this week, the S&P 500 index has exhibited a consistent steady to a lower trajectory, progressing towards our newly established support target of 6034. There remains the potential for a further decline to the subsequent Outer Index Dip level at 5980. Conversely, a notable upside movement via the previously retested Key Res 6090 level is anticipated, which may facilitate a rally to the Outer Index Rally target of 6123; this development will likely pave the way for the next phase of the bullish trend.

S&P 500 Daily Chart Analysis For Week of December 6, 2024

During this week's trading session, the S&P 500 index demonstrated a consistent and measured sleepwalking upward trajectory towards our target of Outer Index Rally 6123, with potential for further advancement to the subsequent Outer Index Rally level at 6233. This notable ascent toward the target of 6123 is anticipated to result in a pullback to the Mean Support level of 6049, thereby facilitating the next phase of the bullish trend.

S&P 500 Daily Chart Analysis For Week of November 29, 2024

In this week's abbreviated trading session, the S&P 500 index has demonstrated significant upward movement, successfully retesting the completed Outer Index Rally level of 6000 and maintaining its position above the Mean Resistance level of 6008. The primary objective is to reach the Outer Index Rally target of 6123, with the potential for further extension to the subsequent Outer Index Rally level at 6233. This notable ascent toward the Outer Index Rally target of 6123 is projected to induce a pullback to the Mean Support level of 6000, facilitating the bullish trend's next phase.

S&P 500 Daily Chart Analysis For Week of November 22, 2024

In this week's trading session, the S&P 500 index has exhibited notable stability at the previously completed Mean Support level of 5856. Following this stabilization, the index is progressing toward a retest of the completed Outer Index Rally level of 6000 and the Key Resistance threshold of 6008. This substantial upward movement may/will precipitate a decline toward the Mean Support level 5920. However, it is crucial to recognize that reaching this support level or any pullback will facilitate a price rebound, thereby positioning the market for the subsequent phase of the bullish trend. This trend will be aimed at the Next #1 Outer Index Rally target of 6123 and potentially extend beyond that level in the near future.

S&P 500 Daily Chart Analysis For Week of November 15, 2024

During the current trading session, the S&P 500 index has demonstrated considerable weakness by reaching the significant Outer Index Rally target 6000, as indicated in the S&P 500 Daily Chart Analysis dated November 8. This decline has initiated a substantial pullback, as the index has fulfilled a key target of 6000. As a result, it has significantly decreased to the newly established Mean Support level of 5856, which suggests a potential continuation of the pullback toward the Mean Support levels of 5765 and 5700. However, it is essential to acknowledge that attaining these Mean Support levels may create the conditions for an upward price rebound before entering the subsequent phase of the bullish trend.

S&P 500 Daily Chart Analysis For Week of November 8, 2024

During the current trading session, the S&P 500 index has exhibited significant strength by successfully filling the projected gap, as detailed in the S&P 500 Daily Chart Analysis dated November 1. This upward movement has facilitated a substantial rebound, as the index has retested both the Outer Index Rally level of 5861 and the Key Resistance level of 5865. Furthermore, the index has completed the Outer Index Rally threshold 6000, suggesting a promising potential for additional increases toward Outer Index Rallies at 6123, 6233, and 6418. Nevertheless, it is essential to recognize that achieving the Outer Index Rally 6000 level may prompt a downward price movement towards the Mean Support level of 5929 before progressing into the subsequent phase of the bullish trend.

S&P 500 Daily Chart Analysis For Week of November 1, 2024

During the current trading session, the S&P 500 index exhibited considerable weakness by completing the Inner Index Dip at 5733, in conjunction with the Mean Support level of 5798, while leaving the gap by not reaching the secondary Mean Support level of 5700. This development of fulfilling the gap will likely stimulate a significant rebound toward the Mean Resistance level of 5775, with the possibility of further extension. The 5700 support level is critical for facilitating a primary recovery and advancing into the subsequent phase of the bullish trend. However, it is imperative to acknowledge that achieving and penetrating the 5700 level could instigate a downward spiral in price action to Mean Sup 5620.

S&P 500 Daily Chart Analysis For Week of October 25, 2024

During this week's trading session, the S&P 500 index exhibited notable weakness by falling below the Mean Support level of 5818 and subsequently establishing a new Mean Support at 5798. This development will likely prompt a decline toward the Inner Index Dip at 5733, with a potential extension to Mean Support at 5700. This support level is critical for enabling a primary recovery and advancing into the next phase of the bullish trend. Furthermore, it is essential to recognize that achieving levels of 5833 and 5700 may result in a rapid upward price reaction.

S&P 500 Daily Chart Analysis For Week of October 18, 2024

During this week’s trading session, the index demonstrated substantial strength by exceeding the Outer Index Rally level of 5840 and achieving the subsequent milestone at 5861. This accomplishment will likely precipitate a squeeze toward the Mean Support level 5818. This support is crucial for facilitating the primary recovery and advancing into the next phase of the bullish trend.

S&P 500 Daily Chart Analysis For Week of October 11, 2024

In the previous week's Daily Chart Analysis for the Week of October 4, it was observed that the index maintained considerable strength at the Mean Sup 5700 on Monday. The remaining days of the weekly trading sessions have demonstrated substantial and vigorous progress, surpassing the previously completed Inner Index Rally at 5763 and its progress towards the Outer Index Rally at 5840. The upcoming trading session will demonstrate further sentiment regarding the bullish sentiment to hit the 5840 target. However, recognizing that achieving the 5840 mark will incite a volatile downward price action is crucial.

S&P 500 Daily Chart Analysis For Week of October 4, 2024

In the preceding week's Daily Chart Analysis for the Week of Sep 27, the index adhered to the anticipated behavior by attaining the robust support level at Mean Sup 5700. This notable resurgence in the primary trend will likely prompt a robust bull movement toward the completed Inner Index Rally at 5763, with a high probability of surpassing it and progressing towards the awaited Outer Index Rally at 5840 within the upcoming trading session. It is imperative to acknowledge that reaching these objectives will trigger a volatile downward sentiment price action.

S&P 500 Daily Chart Analysis For Week of September 27, 2024

The S&P 500 Index has recently exhibited a classic gap-fill pattern, reaching 5739 with an adjusted Index Rally to 5763 during the current week's trading sessions. However, there is a strong likelihood of a retracement to the newly established Mean Support at 5700 in the upcoming week. This potential retracement could lead to a further descent to the subsequent Mean Support level at 5620, potentially disrupting the current trajectory. Conversely, a substantial rebound to the Outer Index Rally at 5840 may intercept an anticipated downward trend, nullifying the projected decline.

S&P 500 Daily Chart Analysis For Week of September 20, 2024

In the current week's trading sessions, the S&P 500 Index has demonstrated significant fluctuations, breaching the Mean Resistance level of 5648 and attaining the Inner Index Rally level of 5666 and the Key Resistance level of 5667. The index is on the verge of achieving the targeted Inner Index Rally at 5739. Yet, a potential retraction to 5620 in the upcoming week's session, with the prospect of further descent to the subsequent Mean Support indicated at 5552, could disrupt this progression. Conversely, an expected downward trend may be intercepted by the realization of a robust rebound to the Inner Index Rally at 5739, negating the anticipated decline.

S&P 500 Daily Chart Analysis For Week of September 13, 2024

Throughout the trading sessions of the current week, the S&P 500 Index has exhibited notable resilience, demonstrating a movement toward the Mean Resistance level of 5648 and the Key Resistance, and completed the Inner Index Rally level of 5666. A resilient rebound to this level in the upcoming week’s session is highly likely, with the possibility of further movement to the subsequent Inner Index Rally at 5739. Conversely, an anticipated downward movement toward the targeted Mean Support level of 5557 is expected upon achieving a resilient rebound.

S&P 500 Daily Chart Analysis For Week of September 6, 2024

Throughout the trading sessions of the current week, the S&P 500 Index has demonstrated significant downward movement, completing an Inner Index Dip at 5408 and establishing a new Mean Resistance level at 5530. There is a strong likelihood of a rebound to this level. Further, emphasis is placed on achieving the extended downward move to the target marked at Mean Support 5344, where a resilient rebound is anticipated.

S&P 500 Daily Chart Analysis For Week of August 30, 2024

Throughout the current week's trading sessions, the S&P 500 Index has exhibited notable fluctuations, initially reaching the Mean Support level of 5570 and subsequently demonstrating resilience by rebounding toward the specified targets outlined in the preceding weekly analysis, encompassing the completed Inner Index Rally at 5666 and Key Resistance level at 5667. Beyond those targets, the focus is on attaining the extended rebound targets, specifically the next Inner Index Rally at 5745 and the long-awaited Outer Index Rally at 5840. It is essential to recognize that achieving these targets will likely prompt a selling price action.

S&P 500 Daily Chart Analysis For Week of August 23, 2024

Throughout the current week's trading session, the S&P 500 Index has demonstrated notable resilience, surpassing the Mean Resistance level of 5564 and positioning itself beneath the attained Inner Index Rally at 5666. The prevailing price action indicates a sustained upward momentum aimed at retesting the completed Interim Index Rally at 5666, with an eye on the subsequent upside objectives represented by the Inner Index Rally at 5745 and the ultimate Outer Index Rally at 5840. It is important to note that the attainment of these targets is likely to prompt a selling price action.

S&P 500 Daily Chart Analysis For Week of August 16, 2024

The S&P 500 Index demonstrated significant resiliency during this week's trading session, surpassing the Inner Interim Index Rally 5443 target. Following a springy rebound, the current market price action is positioned below the newly established significant Mean Res 5564. Anticipated interim downward pressure toward the Mean Support at 5445 is probable before the index resumes its upward trajectory. The prevailing price action indicates a sustained uptrend towards the Inner Interim Index Rally at 5666, with the achieved targets expected to exert considerable downward pressure.

S&P 500 Daily Chart Analysis For Week of August 9, 2024

The S&P 500 Index displayed severe downward movement during the current week's trading session as we blasted through Key Sup 5238 and completed our long-time flagged target, Inner Index Dip 5131. The resilient rebound occurs, and the current market price action rests at Mean Res 5345. The likelihood of interim downward pressure toward the Mean Support at 5280 exists before the index resumes its upward trajectory. However, the prevailing price action suggests a sustained uptrend toward the Inner Interim Index Rally 5443, possibly extending to Mean Res 5525. However, these attained targets are likely to exert downward pressure.

S&P 500 Daily Chart Analysis For Week of August 2, 2024

The S&P 500 Index (Spooz) displayed notable volatility during the current week's trading session, departing from recent trends. As an analysis of the Weekly Chart for July 26 reveals the index reached the projected Mean Support level of 5402 before surging to the designated target, Mean Res 5567. Upon achieving this target, the Spooz dropped to our selected Inner Index Dip 5345 target like a bad habit. The prevailing price action suggests a sustained uptrend toward the Mean Res 5449 and a possible extension to the Mean Res 5525 in the upcoming week's trading sessions. It is worth noting that these attained targets are likely to exert downward pressure.

S&P 500 Daily Chart Analysis For Week of July 26, 2024

The S&P 500 Index, also known as Spooz, demonstrated a significant downward trend, as analysed in the Weekly Chart for July 19. It reached the anticipated Mean Support level at 5449 and Key Support at 5420. There is an expectation of a swift recovery after reaching these levels, propelling the price toward the designated Mean Resistance target at 5567. Nonetheless, the prevailing price action indicates a sustained primary decline toward the Key Sup 5350 and Inner Index Dip of 5345 in the forthcoming week/week's trading sessions. It is acknowledged that these achieved targets will exert pressure for a robust rebound.

S&P 500 Daily Chart Analysis For Week of July 19, 2024

The Spooz has once again demonstrated resilience in this week's trading session by banging on Key Res 5635 and completed Inner Index Rally 5642. This week's achievement was also the completion of Inner Index Rally 5668. The prevailing price action suggests a continuous primary decline toward the Mean Support at 5449 and a conceivable extension to the Mean Support at 5420. Anticipation surrounds a prompt recovery after attaining these targets, directing the price toward the designated target of Mean Resistance at 5567, with a conceivable extension to Key Resistance at 5666 in the impending week's trading session.

S&P 500 Daily Chart Analysis For Week of July 12, 2024

The Spooz has again demonstrated resilience in this week's trading session, advancing to the next Outer Index Rally 6515 and completing the newly created Inner Index Rally 5642. The current price action suggests a primary squeeze to Mean Sup 5577 and a secondary squeeze to Mean Sup 5535. The additional supplemental squeeze target 5449 cannot be discounted.

S&P 500 Daily Chart Analysis For Week of July 5, 2024

The Spooz has demonstrated resilience in the abbreviated trading week, achieving our long-anticipated Outer Index Rally 5560 target. The current price action suggests attaining the primary target of the Next Outer Index Rally at 5615. Nevertheless, the prospect of a rapid decline to the Mean Support level at 5515 cannot be discounted.

S&P 500 Daily Chart Analysis For Week of June 28, 2024

The Spooz has exhibited marked downward price action during this week's trading session, swiftly descending on the last trading day of the week from our designated Key Resistance level of 5488. It displays distinctive interim bearish price action characteristics, targeting Mean Support levels at 5449 and 5420. Anticipated renewed upward movement is expected from one of these specified price targets.

S&P 500 Daily Chart Analysis For Week of June 21, 2024

The index completed our Inner Index Rally 5480 and is in the process of squeezing the price action to the primary target, Mean Sup 5420. Renewed upside movement is expected from Mean Sup 54200.

S&P 500 Daily Chart Analysis For Week of June 14, 2024

The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfill two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index Rally 5560. In a downward scenario, it is anticipated that Spooz may test the newly established Mean Support level of 5401, which is expected to catalyze reigniting its bullish trend.

S&P 500 Daily Chart Analysis For Week of June 7, 2024

In this week's trading, the S&P 500 hit our anticipated resistance level of 5323 and retested the completed Outer Index Rally of 5342. The index is prone to drop to Mean Sup 5325 and possibly to the next level of Mean Sup 5285 before continuing its journey to the next Inner Index Rally 5408.

S&P 500 Daily Chart Analysis For Week of May 31, 2024

In the shortened trading week, the S&P 500 hit our expected resistance level of 5323 and promptly fell as part of the renewed upward movement toward the support level of 5257 and the nearby support level of 5221. A solid upward bounce is on its way to target our newly identified key resistance level of 5323 for the upcoming trading week.

S&P 500 Daily Chart Analysis For Week of May 24, 2024

The S&P 500 reached our projected Outer Index Rally at 5342 and then quickly retraced as part of the primary reignited squeeze move path. It is unlikely that it will drop to the primary down target Mean Support at 5221. However, it may continue to advance towards the completed Outer Index Rally at 5342, the Inner Index Rally at 5408, and the next Outer Index Rally at 5450. The secondary reignited squeeze triggering points are at specified destination pinpoints.

S&P 500 Daily Chart Analysis For Week of May 17, 2024

In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move to the primary down target Mean Support at 5221. Additionally, there is a possibility of further advancement towards the Inner Index Rally at 5408 and the next Outer Index Rally at 5460, with the secondary triggering points at destination points.

S&P 500 Daily Chart Analysis For Week of May 10, 2024

The index reached our projected Mean Res 5200 and swiftly jumped higher to press on to our Key Res 5260 and anticipated outcome of Outer Index Rally 5280; this upside move will trigger a strong squeeze pullback to Mean Sup 5178 and 5108. However, Spooz could go down to hit the two Mean Support levels from its current position before going to the mentioned support targets.

S&P 500 Daily Chart Analysis For Week of May 3, 2024

The index reached our projected Mean Sup 5013 and swiftly jumped higher by suppressing our played-out interim Dead-Cat Rebound Mean Res 5110. Now, the index is moving to complete our Inner Index Rally 5175. This upside move will trigger a strong squeeze pullback to Mean Sup 5013.

S&P 500 Daily Chart Analysis For Week of April 26, 2024

The index reached our Mean Res 5057 and valiantly surpassed it, indicating further upside potential to the Inner Index Rally target marked at 5175. From that point on, turning downwards to Mean Sup 5013 is a strong possibility. A further down trajectory is marked as Outer Index Dip 4865.

S&P 500 Daily Chart Analysis For Week of April 19, 2024

Upon completing the Outer Index Dip 5045, per the Daily Chart Analysis for the week of April 12, Spooz witnessed a decline in this week's trading session, leading to the Key Support level of 4950. The current market trends indicate that the index will experience an upward Dead-Cat rebound, targeting our Mean Resistance level of 5057. However, the downside risks cannot be ignored, and the index may continue its decline to reach the strategic Outer Index Dip at 4865, which is expected to act as a catalyst for reigniting its bullish trend.

S&P 500 Daily Chart Analysis For Week of April 12, 2024

The Spooz continue to experience a severe drop in this week's trading session, hitting our two Mae Sup levels: 5150 and 5120, respectively. The current price action indicates that the market will pursue an upside movement to target our Mean Res 5208 and beyond. On the downside, Spooz may continue on a downward spiral to the Mean Support level of 5070 and Outer Index Dip at 5045, which is expected to act as a launching point to reignite its bullish trend.

S&P 500 Daily Chart Analysis For Week of April 5, 2024

The S&P 500 index experienced a severe drop below our Mean Sup 5203; however, the market rebounded swiftly and returned to an active crime scene. The current upward trend indicates that it will reach the target of Key Res 5260 and, subsequently, Outer Index Rally 5280, the long-awaited target. On the downside, Spooz may revisit the newly created Mean Support level of 5150, which is expected to act as a launching point to reignite its bullish trend.

S&P 500 Daily Chart Analysis For Week of March 29, 2024

The S&P 500 index experienced a change in direction during its journey toward a Mean Support level of 5177 and bounced back to retest the Key Resistance level of 5260. The current upward trend indicates that it will reach the target of Outer Index Rally 5280, which has been long-awaited, with a high possibility of continuing the upward trend to the next Outer Index Rally of 5342. On the downside, Spooz may visit the newly created Mean Support level of 5203, which is expected to act as a launching point to reignite its bullish trend.

S&P 500 Daily Chart Analysis For Week of March 22, 2024

The S&P 500 (Spooz) index has continued to move on to new highs in this week's trading session. The current squeeze movement is posed to target Mean Sup 5177 with the possibility of extending the squeeze to the next Mean Sup 5120. On the upside, the Spooz is aiming for a newly created Key Res level of 5260, which is anticipated to serve as a pushing point to Outer Index Rally 5280.

S&P 500 Daily Chart Analysis For Week of March 15, 2024

Based on the chart analysis for March 8, it has been observed that the S&P 500 (Spooz) index has initiated a renewed downward trend from the completed Outer Index Rally 5170. The Spooz targets a newly created Mean Support level of 5096, which is anticipated to serve as a rebound point, enabling the index to retest the completed Outer Index Rally 5170. The subsequent important target for the index is the Outer Index Rally 5280. However, it is essential to note that there exists a possibility of the index experiencing a dip and resting at the Mean Support level of 5060.

S&P 500 Daily Chart Analysis For Week of March 8, 2024

According to the chart analysis for March 1, the S&P 500 (Spooz) index continued to perform exceptionally well, achieving our expectations again. The index bounced off the solid Mean Support level of 5060 on March 5 and reached our designated target of the Outer Index Rally at 5170. This was a significant achievement, as it triggered designated a pivotal squeeze aimed back to the Mean Support level of 5060. The index has the potential to visit the well-established Mean Support level of 4950, which has proven to be a very steady level in the past.

It is worth noting that once the pivotal pullback level is achieved, the index will continue its journey toward the outer index rally at 5280. This indicates that the index is on a steady upward trajectory and is expected to perform well in the near future, and traders and investors can expect positive investment returns.

S&P 500 Daily Chart Analysis For Week of March 1, 2024

As indicated on the chart analysis for February 23, the S&P 500 (Spooz) index excelled yet again as expected, bouncing off the strong Mean Support 5060 and reaching a new high.

The main up price target for the index is Outer Index Rally 5170, with a prospect of extending to the next Outer Index Rally 5280. Notwithstanding, once the 5170 level is accomplished, the index is expected to drop somewhat and continue its journey toward the Outer Index Rally at 5280.

In view of the fact that the uptrend is so strong, we do not have any viable support or resistance levels for slower time frame charts (Swing/position trading mode). We will monitor the price action this upcoming week and determine what and when we should unload or exit the market.

S&P 500 Daily Chart Analysis For Week of February 23, 2024

As indicated on the chart analysis for February 16th, the S&P 500 (Spooz) index shined as expected and reached a new high, surpassing all resistance and index rallies, including Key Resistance at 5029, Outer Index Rally at 5035, and 5072. However, its current price action is in retreat, and it is entering a pivotal squeeze mode - a period of consolidation where the index is expected to remain within a narrow range or drop significantly lower to take a breather - Time will tell.

The main down price target for the index is Mean Support at 5060, with a possibility of extending to Mean Support at 4950. Once one or both of these levels are accomplished, the index is expected to rebound strongly and continue its journey toward the Outer Index Rally at 5170.

S&P 500 Daily Chart Analysis For Week of February 16, 2024

According to the chart analysis of Feb 9, the S&P 500 index, commonly referred to as Spooz, has successfully reached and completed the Outer Index Rally 5035. This remarkable achievement bears testimony to the sheer power of the Trade Selector System platform. However, the index is undergoing a pivotal squeeze mode, leading to the leading price target being Mean Sup 4945, possibly extending to Mean Sup 4847. 

Once this phase is complete, the index is expected to rebound strongly, retesting Key Res 5029 and completed the Outer Index Rally 5035. We will monitor the price action carefully in the first three days of the upcoming week's session to make informed trading entry decisions. 

S&P 500 Daily Chart Analysis For Week of February 9, 2024

The S&P 500 (Spooz) index has recently reached our expected Inner Index Rally 4980 completion, with a solid upward trend beyond. As we look ahead to the upcoming week's trading session, we anticipate that the price will fill the five-handle gap to reach an Outer Index Rally 5035. If this level is achieved, it will continue to climb towards our target of Inner Index Rally 5072, although it's important to note that these two levels may trigger some significant pullbacks.

It's worth considering that if the price encounters a downward move or gap-down before the 5035 price, it might experience a drop to Mean Sup 4985 before reaching the Outer Index Rally 5035, whereas continuation to climb steadily towards Inner Index Rally 5072 is on the map. This is an encouraging sign for traders who missed entry into the market.

In terms of monitoring the price action, it's crucial to pay close attention to the first three days of next week's trading session. Any significant movements or changes in the price action during this period can help traders make informed decisions about when to enter or exit the market.

Overall, Spooz's recent performance and predicted trends suggest that there may be opportunities for traders to profit in the upcoming week. However, caution and careful market monitoring are essential to ensure that trading decisions are well-informed and aligned with individual risk tolerances.

S&P 500 Daily Chart Analysis For Week of February 2, 2024

During the recent trading session, the Spooz (S&P 500) experienced a dip toward the Mean Support level of 4845 for an excellent Buy signal placement. The prices ricocheted strongly toward the Inner Index Rally level of 4980, reaching a high of 4975. Looking ahead to the upcoming week, we anticipate that the price will fill in the five-handle gap from the previous week's price action, which could lead to a significant pullback. That said, if the price continues to move slowly, steadily, or in a tight range, it may indicate a minor pullback before continuing on an upward trajectory toward the Outer Index Rally level of 5935. However, the violent or gap-down price movement will signal that Mean Sup 4845 is again a legitimate target. Overall, careful monitoring of the price action on the first two days of the upcoming week's session is crucial for making informed trading entry decisions.

S&P 500 Daily Chart Analysis For Week of January 26, 2024

Spooz has completed the Inner Index Rally at 4882 and is continuing its upward movement toward a higher target; the Outer Index Rally marked at 4980. However, once we reach the designated target, there is a possibility of a squeeze that could cause prices to drop to the Mean Support level of 4845. In the meantime, the index may retest the Mean Support level of 4845 before continuing its upward trend.

S&P 500 Daily Chart Analysis For Week of January 19, 2024

Spooz's robust movement from our Mean Sup 4745 toward our designated target, Inner Index Rally 4882, is on its way, leaving no fingerprints at the crime scene at the completed Outer Index Rally 4807. The advancement toward a higher target Outer Index Rally 5035 is now in its making. However, once we reach the designated target of Inner Index Rally 4882, we may face a squeeze that could cause prices to drop down to the Mean Support level of 4798 and possibly even the Mean Support level of 4725.

S&P 500 Daily Chart Analysis For Week of January 12, 2024

Spooz's extended movement toward our designated target, Mean Res 4783 and Key Res 4800, is noteworthy. However, the completed Outer Index rally poses a significant barrier to advancement towards higher targets: Inner Index Rally 4882 and the next Outer Index Rally 5035. The current level of tight trading range supports this theory. Despite this, current market conditions suggest we may experience a squeeze that could drive the prices down to the Mean Support level at 4745 and possibly even the Inner Index Dip at 4595.

S&P 500 Daily Chart Analysis For Week of January 5, 2024

The Spooz extended down movement from our designated target Key Res 4800 and Outer Index Rally 4807 and now rests comfortably at our Mean Support level of 4700. The current market conditions suggest we experience a squeeze that could take us down to the Mean Support level at 4644 and possibly even the Inner Index Dip at 4595. However, the current level of support may provide a rebound to the newly created Mean Resistance level at 4740 before continuing its downward movement.

S&P 500 Daily Chart Analysis For Week of December 29, 2023

The Spooz has slowly but surely approached our designated target Key Res 4800 and Outer Index Rally 4807 throughout this short week's trading session. Some market squeeze from the current position might take us to Mean Sup 4700. This level of support is considered a strong support level for the index and can allow traders and investors to make a suitable entry decision.

S&P 500 Daily Chart Analysis For Week of December 22, 2023

The S&P 500 index exhibited continued strength by rising above our Completed Inner Index Rally 4713 with the violent retreat on Wednesday to this strategic price level. The main target is our central Key Res 4800 and Outer Index Rally 4807, completed on June 4th, 2022. However, some concerns about a market squeeze from the newly created Mean Res 4769 might cause a pullback to Mean Sup 4700. This level of support is considered a strong support level for the index and can allow traders and investors to make a suitable entry decision.

S&P 500 Daily Chart Analysis For Week of December 15, 2023

During this week's trading session, the S&P 500 index exhibited remarkable strength, with consistent price momentum throughout. The index managed to surpass our Key Resistance level of 4639 and Inner Index Rally level of 4647, finally resting at the completion of Inner Index Rally level of 4713.

Looking ahead, the following two targets for an upward trend are the completed Outer Index Rally level of 4807 and the Key Resistance of 4800. Both price levels were created on June 4th, 2022.

However, there are some concerns about a market squeeze from the current completed Inner Index Rally 4713 that might cause a transient pullback. In such a scenario, the index could move downward and reset itself to the Mean Support level of 4644. This level is considered a strong support level for the index and can provide an opportunity for traders and investors to make a suitable entry decision.

S&P 500 Daily Chart Analysis For Week of December 8, 2023

Throughout the course of this week's trading session, the index remained relatively stable using our strong Mean Sup 4546 as a strategic price platform, notwithstanding moderate gains leading toward the Key Resistance of 4639 and Inner Index Rally of 4647. Moreover, the Inner Index Rally 4647 indicates a strong bullish trend for traders and investors to ponder. Once the market reaches the target price, the resulting squeeze could be substantial and chaotic. As a result, traders and investors should be cautious and attentive during this price action period.

S&P 500 Daily Chart Analysis For Week of December 1, 2023

The Spooz index in this week's trading session retested our completed Inner Index Rally 4590 of July 27, 2023, and is moving higher, targeting the Key Res 4630 and Inner Index Rally 4647, respectively.

Once the market successfully achieves this target price, the follow-up squeeze will likely be significant and turbulent. Traders and investors should, therefore, be prudent and vigilant during this price action phase.

S&P 500 Daily Chart Analysis For Week of November 24, 2023

In this week's abbreviated trading session, the S&P 500 index has again shown a constant upward trend. Current price action exhibits a solid indication to hit our completed Inner Index Rally 4590 on July 27, 2023, and move higher to Inner Index Rally #1 4647 and #2 4713, respectively. However, it's important to note that the market may experience transient pullbacks at this level, causing severe drawdown. Once the market successfully achieves these targets, the subsequent squeezes will likely be significant and turbulent. 

S&P 500 Daily Chart Analysis For Week of November 17, 2023

The S&P 500 index has been showing a consistent upward trend for a while now, and it has reached our designated Mean Resistance level of 4515 in this week's price action. This price level indicates a strong indication of retesting our completed Inner Index Rally 4590 on July 27, 2023. However, it's important to note that the market may experience a temporary pullback at this level, causing it to fall back to Mean Support of 4487. This transient retracement is essential for gathering momentum for the next rally phase.

If the market successfully retests the completed Inner Index Rally, the subsequent pullback will likely be significant and turbulent. This means traders and investors should be cautious and watchful during this phase, as it could considerably impact their trading and investment approach.

S&P 500 Daily Chart Analysis For Week of November 10, 2023

The Spooz index pivoted briefly from the completed Inner Index Rally 4375. This transition allowed traders with long positions to exit with prudence. The current momentum is solid and targets a Mean Resistance of 4515. Traders expect this momentum to ultimately lead to a retest of our completed Inner Index Rally 4590 on July 27, 2023. However, it's worth noting that the market can be quite reactive, and sudden fluctuations in either direction may occur. As such, traders should remain vigilant and have a sound strategy in place to deal with unexpected market movements.

S&P 500 Daily Chart Analysis For Week of November 3, 2023

The stabilized selloff in the bond market in this week's price action sent the index raging upward all the way up to Mean Res 4378 and completing our Inner Index Rally 4375. On the downside, the index will likely go down toward the Mean Sup 4238, followed by a series of price targets marked on the chart. However, due to the reactionary nature of the market, sudden fluctuations in either direction are possible.

S&P 500 Daily Chart Analysis For Week of October 27, 2023

In this week's price action, the index bounced back to our expected target Mean Resistance of 4255 but quickly fell to retest our previously completed Inner Index Dip at 4212. It then hit the strategic point of the next Inner Index Dip at 4150 and is currently resting at a Mean Support of 4113. On the downside, the index will likely go further down toward the Inner Index Dip at 4055, followed by Next #1 at 3961 and Next #2 at 3850. All this is just for starters. However, there is a possibility of it bouncing back to Mean Resistance 4156.

S&P 500 Daily Chart Analysis For Week of October 20, 2023

The Spooz index held staunchly by our completed rebound projection and Mean Res 4378 by tumbling down to Mean Sup 4224, eyeing a retest Inner Index Dip 4212 with an intermediate rebound target to Mean Res 4255. The index could extend to the next Inner Index Dip 4150 for the next week's trading.

S&P 500 Daily Chart Analysis For Week of October 13, 2023

The Spooz index price exceeded our previous Mean Resistance point of 4336 and closed at the location of a notable event. The recent downward trend suggests that the Mean Support level of 4294 may be reached, with a possibility of extending to the Mean Support of 4228 or even the next Inner Index Dip at 4150. If the index finds support at 4294, it may move up to the newly established Mean Resistance at 4378.

S&P 500 Daily Chart Analysis For Week of October 6, 2023

The index's downward trend this week kicked on the seat of the pants of our projected target, Inner Index Dip 4212, repeatedly. Mean Res 4340 and even extend to Mean Res 4400 on the radar for the upcoming week's trading action; however, reignited Pivotal Down Move from Mean Res 4400 could weed out weak trading trawlers.

S&P 500 Daily Chart Analysis For Week of September 29, 2023

Based on this week's trading action, the Inner Index Dip 4212 seems to be experiencing a bias to a continued downward side pattern. The Mean Sup 4246 is playing a crucial role in holding the price. But, there's a chance that the market could rebound to Mean Res 4340 and even extend to Mean Res 4400 on the upside potential.

S&P 500 Daily Chart Analysis For Week of September 22, 2023

In this week's trading, all our targets on the downside were hit: Mean Sup 4435, 4370, as well as the completed Inner Index Dip 4340. Currently, we are expecting a rebound to Mean Res 4370, with a possibility to extend to Mean Res 4415. The possibility of reinstating down movement to Inner Index Dip 4212 is in the making.

S&P 500 Daily Chart Analysis For Week of September 15, 2023

The world's most popular trading and investing index gyrated this week within the last week hitting our Mean Sup 4435 and completed a pivotal rebound Mean Res 4520. Currently, there is a retracement underway to retest Mean Sup 4435 and 4370, as well as the completed Inner Index Dip 4340. The possibility of an intermediate extension to the completed Inner Index Rally 4590 is still being evaluated.

S&P 500 Daily Chart Analysis For Week of September 8, 2023

The Spooz within the completed Pivotal Rebound, and Mean Res 4520 targets drifted lower to fulfill our retracement Mean Sup 4456 and is biased to go higher with the upcoming trading week. The possible Retracement Retest to Mean Sup 4370 and completed Inner Index Dip of the trading envelope setup should not be overlooked.

S&P 500 Daily Chart Analysis For Week of September 1, 2023

The Spooz continued upside bias this week by ending its rally at Mean Res 4520. Continuation to completed the Inner Index Rally 4590 is a work in progress. However, the pullback to Mean Sup 4456 is also within the trading picture.

S&P 500 Daily Chart Analysis For Week of August 25, 2023

The Spooz rock and roll to the upside in this week's price action, hitting our Mean Res 4460 as advertised in Daily Chart Analysis For the Week of August 18 with rinse and repeat, is not out of the question. On the downside, price action continues targeting our completed Inner Index Dip 4340 for a retest and drift further down to the next Inner Index Dip 4212.

S&P 500 Daily Chart Analysis For Week of August 18, 2023

This week, the Spooz index finalized its down move by completing the Inner Index Dip 0f 4340. However, a strong rebound is possible with Mean Res 4460 as a primary target. On the downside, price action might churn about the completed Inner Index Dip 4340 and Mean Sup 4330 before taking off to the upside. Notwithstanding, if all fails, the market will take us to the Next designated target of Inner Index Dip 4212.

S&P 500 Daily Chart Analysis For Week of August 11, 2023

The Spooz index continued this week to drop to fulfill its destination of Mean Sup 4403 and the possibility of Mean Sup 4330. However, another jump toward the newly created Mean Res 4520 level is also possible in this unconventional market.

S&P 500 Daily Chart Analysis For Week of August 4, 2023

The Spooz index experienced a significant drop as a result of the Inner Index Rally 4590 reaching completion last and this week's trading session, respectively. This caused our Mean Sup 4534 and 4507 to be eliminated. It seems likely that the index will continue to decline, potentially reaching our next Mean Sup 4403 and even Mean Sup 4330. However, it's important to note that there could be a Reignited Rally Resumption at the solid and strategic Mean Sup 4403 level, as this week's trading has been heavily oversold.

S&P 500 Daily Chart Analysis For Week of July 28, 2023

The Spooz performed as predicted by achieving an Outer Index Rally outcome of 4590 and indicating a desire to move higher. However, the Key Resistance at 4630 might hinder its progress, but it is just a temporary pause. The subsequent Inner Index Rally 4708 is expected to yield positive results.

S&P 500 Daily Chart Analysis For Week of July 21, 2023

During this week's trading session, Spooz indicated its intention to retest Mean Sup 4507. We anticipate a rebound movement to help us achieve our designated Outer Index Rally 4590 target.

S&P 500 Daily Chart Analysis For Week of July 14, 2023

This week, the Spooz reignited its rally muscle to complete our Inner Index Rally 4521 and is currently processing retracement to Mean Sup 4403 - Unconfirmed. However, there is a solid expectation to march to the Outer Index Rally 4590.

S&P 500 Daily Chart Analysis For Week of July 7, 2023

This week, the Spooz failed to meet our Outer Index Rally 4480 goal due to a crime scene performance. However, we expect a strong rebound from the Mean Sup 4330 or higher, which will help us achieve our target with great force.

S&P 500 Daily Chart Analysis For Week of June 30, 2023

The Inner Index Rally 4444 has been completed, which is part of the ongoing Reignited Rally. The Outer Index Rally 4480 and 4590 targets have been outstanding for a while and are important upside objectives. However, reaching the 4480 target may lead to a significant pivotal downward movement to the Mean Sup 4330. Trade Selecter needs to confirm this development.

S&P 500 Daily Chart Analysis For Week of June 16, 2023

The Reignited Rally continues to move forward this week, hitting our target Outer Index Rally 4412 and, by doing so, completing Inner Index Rally 4444. This suggests a couple of trading scenarios: The unconfirmed completion by Trade Selecter, the market severity will pull back to Mean Sup 4365, followed by a solid bounce to retest the developed and confirmed by Trade Selecter Key Res 4425. The second scenario will display Spooz regrouping within the vicinity of developing Key Res and penetrating higher by targeting Outer Index Rally 4480. Trade Selecter will closely monitor any updates and share any valid confirmation with you.

S&P 500 Daily Chart Analysis For Week of June 9, 2023

The Reignited Rally is continuing to move forward. The bullish price action is closing on Major Key Res 4330 with a follow-through to our long-time Outer Index Rally 4412 projection. Viewing the Pivotal Down Move prediction is based on the current price action, notwithstanding confirmation from the Trade Selector that will be given before implementing any strategies.

S&P 500 Daily Chart Analysis For Week of June 2, 2023

The curtailed by US holiday trading week did not surprise us; see Daily Chart Analysis For the Week of May 26. On Tuesday, after hitting our initial target Outer Index Rally 4230 and weeding out the weak longs a day later, the swift rebound on Thursday retested the 4230 again, followed up on Friday by completing our second target of extended Outer Index Rally 4285. The next upside target is major Key Res 4330 and, down the road, extended Outer Index Rally 4412. The pivotal 4230, as tooted a few weeks ago, was ultimately canceled due to price action turning south prematurely on Friday, May 19, and not confirmed by Trade Selecter's targeted movement. On the downside, the price action might take us to Mean Sup 4180; however, the upswing to Key Res 4330, within the highest probability, will emerge first.

S&P 500 Daily Chart Analysis For Week of May 26, 2023

This week's index did not surprise us with the swift rebound (Mean Sup 4110) and continued the reignited rally as specified in a previous couple of weeks of daily chart analysis. The price action is expected to reach our primary destination of the Outer Index Rally at 4230 and possible extension to Outer Index Rally 4285 and Major Key Res 4310. The pivotal at 4230 is not expected at this time unless confirmed by Trade Selecter price action within this upcoming trading week session - stay tuned.

S&P 500 Daily Chart Analysis For Week of May 19, 2023

This week's index has increased substantially in conformity with the S&P 500 Daily Chart Analysis for the Week of May 12. It is expected to reach our primary destination of Outer Index Rally at 4230. However, there's a possibility of a drop to Mean Sup 4161.

S&P 500 Daily Chart Analysis For Week of May 12, 2023

The Spooz had a week of fluctuating and narrow range trading, which indicates that a renewed upward trend is likely to happen next week, intending to reach Key Resistance at 4180 and Outer Index Rally at 4230, as we predicted. However, the current price action may suggest a drop to Mean Support at 4060.

S&P 500 Daily Chart Analysis For Week of May 5, 2023

During the week, the Spooz experienced active trading within the range of Key Res 4180 and Mean Sup 4060. The next significant goal is to retest Key Res 4180 and surpass it to reach the Outer Index Rally 4230. Achieving this would be a crucial turning point and lead to a retreat to the inverted Key Res 4180 as a new support level.

S&P 500 Daily Chart Analysis For Week of April 28, 2023

The Spooz, in a robotic fashion, is advancing toward our Key Res 4180 after a pullback to Mean Sup 4060 was achieved - The next major target is Outer Index Rally 4230. The Outer Index Rally 4230 completion will trigger a pivotal retreat to inverted Key Res 4180 as a standing support level.

S&P 500 Daily Chart Analysis For Week of April 21, 2023

The Spooz, in choppy trading this week, managed to advance to near our Key Res 4180 by creating weak Mean Res 4156. A pullback to Mean Sup 4090 is possible before reigniting the rally to Mean Res 4156 and Key Res 4180 and rallying substantially to Outer Index Rally 4230 as specified in the Daily Chart Analysis For the Week since February 3. The Outer Index Rally 4230 completion will trigger a pivotal pullback to inverted Key Res 4180.

S&P 500 Daily Chart Analysis For Week of April 14, 2023

The Spooz, in choppy trading this week, managed to obsolete our outstanding target area - Mean Res 4126. The re-establishment of an upward trend will aim to obsolete Mean Res 4145 and punch through to Key Res 4180 and vital Outer Index Rally 4230 as specified in the Daily Chart Analysis For the Week of February 3. On the downside, there might be a significant pullback to Mean Sup 4090 before propelling renewed rally. The Outer Index Rally completion will trigger a pivotal pullback to inverted Mean Res 4145, considered the first Mean Support level.

S&P 500 Daily Chart Analysis For Week of April 7, 2023

The Spooz re-established an upward trend that continues without significant changes from the previous week's price action - we have a newly created Mean Res 4126, Mean Res 4145, and Key Res 4180 to conquer before establishing our main target Outer Index Rally 4230. On the downside, price action will take trading to inverted Mean Res 4145, considered as the first Mean Support level.

S&P 500 Daily Chart Analysis For Week of March 31, 2023

The Spooz re-established upward trend hitting our designated targets as specified S&P 500 Daily Chart Analysis For the Week of March 24: Mean Res 4015 and 4050 proceeding first to Mean Sup 3939 and 3915, respectively. On the downside, price action will take trading to inverted Mean Res 4145, looked upon as Mean Support.

S&P 500 Daily Chart Analysis For Week of March 24, 2023

The Spooz upward trend was re-established on Friday and is trending to Mean Res 4015, extending its price action to Mean Res 4050 - however, the retracement to Mean Sup 3939 is predisposed.

S&P 500 Daily Chart Analysis For Week of March 17, 2023

The Spooz downward trend continued earlier in the week and completed our Interim Inner Index Dip 3820 - The upside rebound followed in the second part of the week by hitting the Mean Res 3927. The rebound should continue to Intermediate Outer Index Rally 3980; however, the retracement to Mean Sup 3878 is predisposed.

S&P 500 Daily Chart Analysis For Week of March 10, 2023

The Spooz downward spiral continued this week - Mean Supports 3955 and 3890 were hit extensively. The downward spiral to the Interim Inner Index Dip 3820 will continue this upcoming week and possibly trigger a significant retest of the Key Sup and Interim Inner Index Dip 3785. The main upside target is designated to Mean Res 3927 from 3820 and/or 3785 price point.

S&P 500 Daily Chart Analysis For Week of March 3, 2023

The Spooz has completed an interim retreat (60 min chart - not shown).
The upside target is designated at Mean Res 4080 with the possibility of extending to Mean Res 4080. Notwithstanding, the newly created Mean Sup 3955 is our intermediate downside target - Retest. The downward spiral to the Inner Index Dip 3785 is to be continued within this week and undoubtedly next week's price action.

S&P 500 Daily Chart Analysis For Week of February 24, 2023

The index Mean Res 4145 was the culprit target with the recent Intermediary Up Trend as shown on S&P 500 Daily Chart Analysis For the Week of Feb 17; all three targets were hit - Mean Sup 4060, Mean Sup 4015, and the Inner Index Dip 3980. The newly created Mean Res 4028 is our intermediate upside target - Dead-cat bounce. Keep in mind that the current bearish market sentiment is intact. There is a significant possibility that the Mean Sup 3890 and retest could be undertaken of Key Sup 3785 and completed of the Inner Index Dip 3785 as well.

S&P 500 Daily Chart Analysis For Week of February 17, 2023

The index continues to respect our Mean Sup 4060 target as shown on S&P 500 Daily Chart Analysis For the Week of Feb 10. The newly created Mean Res 4145 is our intermediate upside target - However, keep in mind that the temporary bearish market sentiment is intact, and a significant possibility that the Mean Sup 4060 retest could be undertaken with an eye on the inner stepping stone of Mean Sup 4015 and completion of the Inner Index Dip 3980.

S&P 500 Daily Chart Analysis For Week of February 10, 2023

Spooz hit our Mean Sup 4060 target as shown on S&P 500 Daily Chart Analysis For the Week of Feb 3. With the confirmation of the Key Res $4180 in place, the current dead cat rebound is expected to take us to Mean Res 4120 - However, keep in mind that the bullish market sentiment is intact, and a significant possibility that the Key Res $4180 retest could be launched with an eye on completion of the Outer Index Rally 4230. But if all fails, the index will take us down to two Mean Support targets: 4015 and 3970, for this week's trading scenario.

S&P 500 Daily Chart Analysis For Week of February 3, 2023

Spooz hit our target Outer Index Rally 4140 and beyond. The development of the Key Res $4180 is in progress. The bullish market sentiment is intact. The pullbacks with this ongoing rally are expected to target the newly created Mean Sup 4060, and possibly an extension to the crime scene Mean Sup 4015.

S&P 500 Daily Chart Analysis For Week of January 27, 2023

Spooz continuously displays a bullish influence on the current market sentiment, with the upside trend hitting our targets Mean Res 4085 and continuous driving momentum to Outer Index Rally 4140. The pullbacks with this ongoing rally are expected to target Mean Sup 4015 and possibly extension to Mean Sup 3970.

S&P 500 Daily Chart Analysis For Week of January 20, 2023

The upside target to the Mean Res 4820 was targeted within a mid-week, with the hasty pullback to our designated Men Sup 3950 and 3890. The index continuously displays a bullish influence on the current market sentiment with upside replication of targets to Mean Res 4020. Key Res 4085 and Outer Index Rally 4140. The pullbacks with this upcoming major rally are to be expected.

S&P 500 Daily Chart Analysis For Week of January 13, 2023

The completion of Inner Index Dip 3785 was a significant upsurge platform. The upside target to the Mean Res 4820 is in the process of being finalized, and the index continuously displays a bullish influence on the current market sentiment. The additional upside moves to Mean Res 4085, with Outer Index Rally 4140 currently being at the crosshair. The sudden pullback from hitting the Mean Res 4020 is expected to Men Sup 3950.

S&P 500 Daily Chart Analysis For Week of January 6, 2023

The downtrend to Inner Index Dip 3785 was completed two weeks ago and retested. The upside target to the Mean Res 3880 has been finalized, and the index continuously displays a bullish influence with the current market sentiment. The additional upside moves to Mean Res 4020, 4085, with Outer Index Rally 4140 currently being at the crosshair. The pullbacks with this upcoming major rally are to be expected.

S&P 500 Daily Chart Analysis For Week of December 30, 2022

The downtrend to Inner Index Dip 3785 has been completed in the previous week and retested once again this week. The upside target to the Mean Res 3880 continuously plays with the current market sentiment. The additional upside moves to Mean Res 4020, 4085, with Outer Index Rally 4140 currently being at the crosshair. The pullbacks with this upcoming major rally are to be expected.

S&P 500 Daily Chart Analysis For Week of December 23, 2022

The downtrend sentiment to Inner Index Dip 3785 has been completed as specified in the S&P 500 Daily Chart Analysis For the Week of December 16. The upside target to the newly created Mean Res 3880 is in play, with the additional upside moving to Mean Res 4020, 4085 with Outer Index Rally 4140 currently being revived per the current market sentiment. The pullbacks with this upcoming major rally are to be expected.


S&P 500 Daily Chart Analysis For Week of December 16, 2022

Outer Index Rally 4140 is currently being shelved. The downtrend sentiment points to a newly created Inner Index Dip 3785, with the possibility of extension to Mean Sup 3720. The Mean Sup 3860 is a stronghold for the time being, as specified in the S&P 500 Daily Chart Analysis For the Week of December 9. The upside target to the Mean Res 3912 is likely from the current position or once the dip is completed. Of course, the question is, “From which support/outcome level will this puppy break enacting finalization of the down movement?

S&P 500 Daily Chart Analysis For Week of December 9, 2022

Outer Index Rally 4140 is currently postponed. The downtrend sentiment points to a newly created Mean Res $3965, with the possibility of a support level of the Mean Sup 3860 emerging first as the primary target destination. The upside target to the Mean Sup 3965 is probable once the dip to the Mean Sup 3860 is completed. Of course, the question is always “Which way will this puppy break from the current position?”

S&P 500 Daily Chart Analysis For Week of December 2, 2022

Outer Index Rally 4140 is currently in play. The uptrend sentiment might be temporarily restricted by Mean Res 4085 and Mean Res 4110. The downside target to the Mean Sup 3948 is likely once the major rally to the above outcome is completed. The possibility of additional previously specified support levels will emerge - See previous chart analysis postings.

S&P 500 Daily Chart Analysis For Week of November 25, 2022

Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 18) with the additional target is potential #2 Outer Index Rally 4140. The current sentiment is confirmed by the obsoletion of the Mean Res 3995; The downside target to the newly created Mean Sup 3948 is very probable before a major rally to the above outcome. The possibility of extension to Mean Sup 3745 and beyond is delayed in the foreseeable future.

S&P 500 Daily Chart Analysis For Week of November 18, 2022

Outer Index Rally 4060's upside target (As shown on Chart Analysis For the Week of November 11) is currently in progress along with potential #2 Outer Index Rally 4140; however, the newly created Mean Res 3995 is in the interim a roadblock. The downside selected target to Mean Sup 3915 is very high once the completion(s) is triggered, with the possibility of extension to Mean Sup 3745 and beyond - in the foreseeable future.

S&P 500 Daily Chart Analysis For Week of November 11, 2022

Outer Index Rally 3975's upside target (As shown on Chart Analysis For the Week of November 4) has been completed, along with two additional rebound stages, Mean Res 3900 and Mean Res 3955. Currently, designated upside targets are Outer Index Rally 4060 and 4140, respectively. The downside selected target to Mean Sup 3915 is very high, with the possibility of extension to Mean Sup 3745 and beyond - in the foreseeable future.

S&P 500 Daily Chart Analysis For Week of November 4, 2022

S&P 500 Daily Chart Analysis For Week of October 28, 2022

S&P 500 Daily Chart Analysis For Week of October 21, 2022

S&P 500 Daily Chart Analysis For Week of October 14, 2022

S&P 500 Daily Chart Analysis For Week of October 7, 2022

S&P 500 Daily Chart Analysis For Week of September 30, 2022

S&P 500 Daily Chart Analysis For September 23, 2022

S&P 500 Daily Chart Analysis For September 16, 2022

S&P 500 Daily Chart Analysis For September 9, 2022

S&P 500 Daily Chart Analysis For September 2, 2022

S&P 500 Daily Chart Analysis For August 26, 2022

S&P 500 Daily Chart Analysis For August 19, 2022

S&P 500 Daily Chart Analysis For August 12, 2022

S&P 500 Daily Chart Analysis For August 5, 2022

S&P 500 Daily Chart Analysis For July 29, 2022

S&P 500 Daily Chart Analysis For July 22, 2022

S&P 500 Daily Chart Analysis For July 15, 2022

S&P 500 Daily Chart Analysis For July 8, 2022

S&P 500 Daily Chart Analysis For July 1, 2022

S&P 500 Daily Chart Analysis For June 24, 2022

S&P 500 Daily Chart Analysis For June 17, 2022

S&P 500 Daily Chart Analysis For June 10, 2022

S&P 500 Daily Chart Analysis For June 3, 2022

S&P 500 Daily Chart Analysis For May 27, 2022

S&P 500 Daily Chart Analysis For May 20, 2022

S&P 500 Daily Chart Analysis For May 13, 2022

S&P 500 Daily Chart Analysis For May 6, 2022

S&P 500 Daily Chart Analysis For April 29, 2022

S&P 500 Daily Chart Analysis For April 22, 2022

S&P 500 Daily Chart Analysis For April 15, 2022

S&P 500 Daily Chart Analysis For April 8, 2022

S&P 500 Daily Chart Analysis For April 1, 2022

S&P 500 Daily Chart Analysis For March 25, 2022

S&P 500 Daily Chart Analysis For March 18, 2022

S&P 500 Daily Chart Analysis For March 11, 2022

S&P 500 Daily Chart Analysis For March 4, 2022

S&P 500 Daily Chart Analysis For February 25, 2022

S&P 500 Daily Chart Analysis For February 18, 2022

S&P 500 Daily Chart Analysis For February 11, 2022

S&P 500 Daily Chart Analysis For January 31, 2022

S&P 500 Daily Chart Analysis For January 28, 2022

S&P 500 Daily Chart Analysis For January 21, 2022

S&P 500 Daily Chart Analysis For January 14, 2022

S&P 500 Daily Chart Analysis For January 7, 2022

S&P 500 Daily Chart Analysis For December 31, 2021

S&P 500 Daily Chart Analysis For December 28, 2021

S&P 500 Daily Chart Analysis For December 17, 2021

S&P 500 Daily Chart Analysis For December 11, 2021

S&P 500 Daily Chart Analysis For November 28, 2021

S&P 500 Daily Chart Analysis For November 13, 2021

S&P 500 Daily Chart Analysis For November 8, 2021

S&P 500 Daily Chart Analysis For October 5, 2021

  • October 7, 2021 ''Update Idea'' post.
  • October 13, 2021 ''Update Idea'' post.

S&P 500 Daily Chart Analysis For October 16, 2021

S&P 500 Daily Chart Analysis For October 23, 2021

S&P 500 Daily Chart Analysis For October 30, 2021