Technicals - S&P500 index - potential for a technical sell signal to be generated

Angela Mangan

QMG Pty Ltd

The coming days are shaping up as being technically significant for the US market outlook, given the potential for a key US index trend change has emerged. The S&P500 index has the potential to generate a technical top formation which is the requirement to generate a technical sell signal. A close below 2039 is required to generate a technical sell signal. The minimum downside technical target in that scenario would be located at 1950. At this stage the index is holding above the 2039 support level - which is the key technical level to watch.


Angela Mangan
Angela Mangan
Technical Analyst
QMG Pty Ltd

Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.

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