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.
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.
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
The SPX level is the closing level of the S&P 500 index on a given date. The S&P 500 is a market value weighted index that tracks the prices of the 500 largest US companies by market capitalization.
Investors can't directly invest in the SPX, but they can invest in ETFs or index funds that track the index's performance.