S&P 500 technicals are weak (negative RSI/MACD); 100-day MA is key support/resistance level.
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StockCharts TVPublished Sep 18 · 1 passage
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And here we are, the daily price chart for the Standard & Poor's 500 index. The Standard & Poor's index fell by about half a percent last week. On the positive side, we saw the index recover and move again above its 50-day simple moving average.
We are currently at exactly its 21-day simple moving average . However , we still have a negative Relative Strength Index and a negative MACD indicator. So, we are certainly not on solid ground here.
I am using this 100-day simple moving average as a key area of support or resistance in the near term. We are battling that 100-day moving average. If we move below, I would use the July low as the next possible support zone.
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2026-09-18This one
And here we are, the daily price chart for the Standard & Poor's 500 index. The Standard & Poor's index fell by about half a percent last week. On the positive side, we saw the index recover and move again above its 50-day simple moving average. We are currently at exactly its 21-day simple moving average . However , we still have a negative Relative Strength Index and a negative MACD indicator. So, we are certainly not on solid ground here. I am using this 100-day simple moving average as a key area of support or resistance in the near term. We are battling that 100-day moving average. If we move below, I would use the July low as the next possible support zone.
2026-09-17
So last week this week actually so this is yesterday plus about 45 minutes of trading of today is hooking spy back down.
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