S&P 500 Analisi Tecnica | S&P 500 Trading: 2020-09-18 | IFCM Italy
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S&P 500 Analisi Tecnica - S&P 500 Trading: 2020-09-18

S&P 500 Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sotto 3309.83

Sell Stop

Sopra 3447.19

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articoli 2471
IndicatorSignal
RSI Neutro
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Neutro
Parabolic SAR Sell

S&P 500 Chart Analysis

S&P 500 Chart Analysis

S&P 500 Analisi Tecnica

On the daily timeframe the SP500: Daily is retreating after hitting all time high in the beginning of September, while still above the 200-day moving average MA(200) which is rising yet. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 3309.83. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 3447.19. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (3447.19) without reaching the order (3309.83), we recommend cancelling the order: the market has undergone internal changes which were not taken into account

Analisi Fondamentale Indici - S&P 500

US economic recovery slowed in September. Will the SP500 retreat continue?

Recent US economic data were weak. The pace of economic recovery slowed in Philadelphia Federal Reserve district in September, the number of Americans who filed for unemployment benefits last week were higher than forecast, while US home builders started construction on new houses at higher pace in August. Thus, the Philadelphia Fed manufacturing index fell to 15 in September from 17.2 in prior month, initial jobless benefit claims increased 860,000 instead of forecast of 825,000, however housing starts rose 3% over year in August at a seasonally adjusted annual rate of 1.42 million. And with continuing claims at 12.63 million reflecting very elevated unemployment Fed chair Powell said it may take a long time for US economy to recover to full employment level. Weak economic data are bearish for SP500.

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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