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 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