SPX | S&p 500 Index #SPX Technical Data (SPX)

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Source: Stock Traders Daily

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SPX Data for the Trading Plans Below:

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Longer Term Trading Plans for SPX
  • Buy SPX over 4450.20 target 4568.00 stop loss @ 4437.35 Details
  • The technical summary data tells us to buy SPX near 4450.20 with an upside target of 4568.00. This data also tells us to set a stop loss @ 4437.35 to protect against excessive loss in case the stock begins to move against the trade. 4450.20 is the first level of support below 4471.37 , and by rule, any test of support is a buy signal. In this case, support 4450.20 would be being tested, so a buy signal would exist.

  • Short SPX under 4568.00, target 4450.20, stop loss @ 4581.19 Details
  • The technical summary data is suggesting a short of SPX as it gets near 4568.00 with a downside target of 4450.20. We should have a stop loss in place at 4581.19though. 4568.00 is the first level of resistance above 4471.37, and by rule, any test of resistance is a short signal. In this case, if resistance 4568.00 is being tested, so a short signal would exist.

Swing Trading Plans for SPX
  • Buy SPX over 4568.00, target 4665.15, Stop Loss @ 4554.81 Details
  • If 4568.00 begins to break higher, the technical summary data tells us to buy SPX just over 4568.00, with an upside target of 4665.15. The data also tells us to set a stop loss @ 4554.81 in case the stock turns against the trade. 4568.00 is the first level of resistance above 4471.37, and by rule, any break above resistance is a buy signal. In this case, 4568.00, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short SPX near 4568.00, target 4463.21, Stop Loss @ 4581.19. Details
  • The technical summary data is suggesting a short of SPX if it tests 4568.00 with a downside target of 4463.21. We should have a stop loss in place at 4581.19 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 4568.00, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SPX
  • Buy SPX over 4477.18, target 4568.00, Stop Loss @ 4466.73 Details
  • If 4477.18 begins to break higher, the technical summary data tells us to buy SPX just over 4477.18, with an upside target of 4568.00. The data also tells us to set a stop loss @ 4466.73 in case the stock turns against the trade. 4477.18 is the first level of resistance above 4471.37, and by rule, any break above resistance is a buy signal. In this case, 4477.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short SPX near 4477.18, target 4463.21, Stop Loss @ 4487.63. Details
  • The technical summary data is suggesting a short of SPX if it tests 4477.18 with a downside target of 4463.21. We should have a stop loss in place at 4487.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 4477.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

SPX Technical Summary | Raw Data for the Trading Plans

Term → Near Mid Long
Bias Neutral Neutral Strong
P1 0 0 4450.20
P2 4404.81 4388.21 4568.00
P3 4477.18 4463.21 4665.15

SPX Long Term Analysis for October 16 2021


SPX Swing Trading Analysis for October 16 2021


SPX Day Trading Analysis for October 16 2021

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in S&p 500 Index (NYSE: SPX) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for SPX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if SPX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for SPX too.  All of these are offered below the Summary Table.

Graph of Evitar Corte vs S&P 500


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