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

Angela Mangan

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 has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...

Expertise

No areas of expertise

equities s&p 500 us equities

Comments

Please sign in to comment on this wire.