S&P 500 Index forum
SPX The S&P 500 Index (SPX) is one of the most widely followed equity indices, representing 500 of the largest publicly traded companies in the U.S. As such, its price action reflects the overall performance of the U.S. stock market and is closely watched by traders, investors, and institutions worldwide.
Volume Profile:
Areas with high trading volume can indicate strong support or resistance, as they signify areas where large institutional orders were placed.
Hypothetical Support and Resistance Levels for SPX:
Let’s assume we’re analyzing the S&P 500 Index (SPX) from recent trends. Below are potential support and resistance levels based on hypothetical recent price action:
Support Levels:
4,100 - 4,150 (Strong Support Zone):
If SPX has tested 4,100 to 4,150 multiple times in the recent past and bounced higher, this could be a significant support range. A break below this range could indicate a deeper pullback.
4,000 (Psychological Support):
4,000 is a major round number and could act as strong psychological support. Traders may look to buy if the price approaches this level.
3,900 (Previous Low / Support Zone):
If 3,900 was a level where SPX previously reversed or consolidated, it could act as a support level. A break below this could signal further downside, with the next support at 3,800.
3,800 (Lower Support Zone):
If the market experiences a major correction, 3,800 might be a significant support level based on previous price action and where the index has bounced in the past.
Resistance Levels:
4,300 - 4,350 (Recent High / Resistance Zone):
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As of the latest market data, here are the key levels for S&P 500 Index (SPX):
Current Level: 4,115.80
Support Levels:
Short-term: 4,070-4,090 (approx.)
Medium-term: 4,040-4,060 (approx.)
Long-term: 4,020-4,040 (approx.)
Resistance Levels:
Short-term: 4,140-4,160 (approx.)
Medium-term: 4,170-4,190 (approx.)
Long-term: 4,200-4,220 (approx.)
SPX For the S&P 500 Index (SPX) on the 1-hour timeframe, here are the key levels to watch:
Support Levels:
Around 4,950 to 5,0001
Resistance Levels:
Around 5,100 to 5,150
SPX Here are the current support and resistance levels for the S&P 500 Index (SPX) on a 4-hour timeframe:
**Support Levels**
1. **Previous Low**: 3,940.00
2. **Fibonacci 38.2% Retracement**: 3,950.00
3. **200 SMA (Simple Moving Average)**: 3,965.00
4. **Fibonacci 23.6% Retracement**: 3,980.00
5. **Short-term Support**: 3,995.00
**Resistance Levels**
1. **Fibonacci 61.8% Retracement**: 4,020.00
2. **Previous High**: 4,040.00
3. **Fibonacci 78.6% Retracement**: 4,060.00
4. **Medium-term Resistance**: 4,080.00
5. **Long-term Resistance**: 4,100.00
SPX Here are the levels for the S&P 500 (SPX) based on a 4-hour chart:Resistance Levels:
4,120 - 4,130 (previous high)
4,140 - 4,150 (psychological level)
4,160 - 4,170 (resistance zone)
Support Levels:
4,070 - 4,080 (previous low)
4,050 - 4,060 (psychological level)
4,030 - 4,040 (support zone)
Key Levels:
4,100 - a crucial level to watch for trend continuation or reversal
4,080 - a potential reversal zone
Notes:
The SPX is currently trading around the resistance level of 4,100.
A break above this level could lead to further upside momentum.
A break below the support level of 4,080 could lead to a reversal in the trend.
The levels listed are based on historical data and may not be valid in the future.
SPX Support Levels:
Historical Lows: Previous significant low points where the price has found buying interest.
Psychological Levels: Round numbers or significant milestones often act as support (e.g., 4,000 or 3,500).
Moving Averages: Key moving averages, like the 50-day or 200-day, can also act as support levels.
Resistance Levels:
Historical Highs: Previous significant high points where selling pressure was strong.
Psychological Levels: Just as with support, round numbers or major levels (e.g., 4,200 or 4,500) can act as resistance.
Trendlines: Lines drawn connecting previous highs can serve as resistance.
SPX As of September 10, 2024, the S&P 500 Index (SPX) opened at 5,442.07 with a 52-week range of 4,103.78–5,669.67.
Here's some related information about the S&P 500 Index:
Mini-SPX Index: This index is based on 1/10th of the value of the S&P 500 Index.
SPX Put/Call Ratio: As of September 7, 2024, the SPX Put/Call Ratio was 1.43, which was the same as the previous year.
Largest holdings: Some of the largest holdings in the S&P 500 Index include Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta Platforms, Berkshire Hathaway, Eli Lilly, and Tesla
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