A TECHNICAL UPDATE ON S&P-500–1.4.2026

 

S&P-500

Further to my last post on 30.3.2026, you are aware that the overall technical setup is weak and it is into deep correction mode and most importantly long term uptrend is potentially threatened, so all together it is showing extreme weakness and may be heading for further fall in coming days. However to keep the hope alive for moving up in the month of April—2026 it has to sustain above 6556.56--6528.52----6316.91 on the closing basis, else it may starts to drift down again.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:- I am not a SEBI registered technical analyst. The view expressed here are solely of the author and purely for the academic and educational purpose. This is in no way a trading or investment advice.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P-500–30.3.2026

 

S&P-500

Open—6449.90--High—6450.69—Low—6356.08—Close—6368.85 on 27.3.2026.

Support:6360.58/6343.86/6212.69/6201/6147.43/6099.97/6059.40/6003.79/5944.85/5924.10/5835.81/5768.87/5696.53/5674/5578.82/5504.65/5433.24.----

Resistance:6427.02/6473.52/6477.38/6508.12/6521.92/6551.36/6569.22/6593.99/6623.92/6631.44/6651.62/6655.69/6698.88/6711.01/6720.95/6752.16/6754.30/6764.15/6775.50/6780.13/6789.08/6799.94/6824.31/6869.91/6885.89/6887.01/6903.46/6920.34/6945.77/6952.51/6986.33/6992.61/6992.61/7002.24/7030/7073/7089/7140/7170/7371.

Further to my last post on 9.3.2026, the overall technical setup has further weakened and it is into deep correction mode and most importantly long term uptrend is potentially threatened, so all together it is showing extreme weakness and may be heading for further fall in coming days. Moving down it has the following support range or points and it may take support at any of this range or point and may bounce back from there, but break & sustained close below each range or point can drag it down to the next range or point.

1. 6361---6300.       Break & sustained close below this range may trigger fresh fall. 

2. 5800----5650. 

3. 5601.                BEAR MARKET THRESHOLD POINT. 

4. 5500----5300.                

5. 5200----5100.

6. 4835.19.           Break & sustained closed below it may accelerate the fall.  

Similarly moving up it will face stiff resistance, but if it moves above the range of 6522---6590 it may gain a foothold for moving up further. But to gain good foothold and strength to extend the up-move further it has to move above 6721---6753---6814---6845.50—6887.01 , it will go from strength to strength if it moves above each point and sustain on the closing basis, else it may stay weak and drift down. 

It is important to mention here that that majority of some important technical indicators are weak on the daily, weekly & monthly chart; therefore further fall in coming days, weeks & months looks inevitable at this point of time may be with-in- between short relief rallies. So be alert and watchful particularly in long trades.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:- I am not a SEBI registered technical analyst. The view expressed here are solely of the author and purely for the academic and educational purpose. This is in no way a trading or investment advice.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P-500–9.3.2026

 

S&P-500

Open—6769.03--High—6773.43—Low—6711.58—Close—6740.02 on 6.3.2026.

Support:6720.95/6711.01/6698.88/6655.69/6631.44/6593.99/6569.22/6551.36/6521.92/6508.12/6477.38/6427.02/6360.58/6343.86/6212.69/6201/6147.43/6099.97/6059.40/6003.79/5944.85/5924.10/5835.81/5768.87/5696.53/5674/5578.82/5504.65/5433.24.----

Resistance:6752.16/6764.15/6775.50/6780.13/6789.08/6799.94/6824.31/6869.91/6885.89/6887.01/6903.46/6920.34/6945.77/6952.51/6986.33/6992.61/6992.61/7002.24/7030/7073/7089/7140/7170/7371.

Further to my last post on 16.2.2026, please note that the technical setup has weakened and it is in the correction mode now and long term uptrend is also threatened, furthermore please note that to keep the up-momentum alive & going in the year—2026 it has to sustain above its key point of 6845.50---6887.01 & 6945.77 but it is below it now and if it does not bounce back above these points in a shortest possible time then the downslide may deepen. Moving down further its broad support points could be 6711---6673---6635---6618(for in between support see the support table on the upside), it may bounce back from any of these points but break & sustained close below 6618 can drag it down to 6521 or lower, which may please be noted.

Similarly moving up its broad resistance points are at 6800---6845.50----6887.01----6945.77(for in between resistance see the resistance table on the upside), it may correct at any of these points then may resume the up-move again or may halt it for a while, but if it moves above 6800 and sustain on the closing basis then the long term threat will dissipate and it may get good strength to move up further, if it moves above 6845.50 & 6887.01 and sustain on the closing basis then it will raise strong hope for a continued up-move in the year-2026, if it moves above 6945.77 and sustain on the closing basis then it may get back into strong up momentum track again and may witness an accelerated up-move.

Its long term uptrend is threatened now and it is correction mode also, therefore likely to go down further, so watch out for next few days how correction culminates and also keeps a watch on the price action for proper direction.

It is important to mention here that that majority of some important technical indicators are weak on the daily & weekly chart; therefore further fall in coming days and weeks cannot be ruled out at this point of time may be with-in- between short relief rallies. So be alert and watchful particularly in long trades.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:-The view expressed here is solely of the author and for educational purpose and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P-500–23.2.2026

 

S&P-500

Open—6843.26--High—6915.86—Low—6836.33—Close—6909.51 on 20.2.2026.

Support:6903.46/6887.01/6885.89/6871.07/6845.50/6834.55/6824.31/6789.08/6780.13/6775.50/6764.15/6752.16/6720.95/6698.88/6655.69/6631.44/6593.99/6569.22/6551.36/6521.92/6508.12/6477.38.----

Resistance:6920.34/6945.77/6986.33/6991.92/6992.61/7002.24/7030/7073/7089/7140/7170/7371.

 It is in the long term uptrend and the overall technical setup still looks good for the continuation of up-move, but it is into correction mode and below multiple tops, which is slightly concerning. Please note that if it moves above the range of 6935.86—6945.77---6651.93—6956.89 and sustain on the closing basis then it will it will get out of corrective mode and may resume the up-move and if it moves above its multiple tops range of 6986.33---7002.24 then it may have an accelerated  up-move, else it may start to drift down.

It is important to mention here that it has to stay above 6945.77---6887.01 & 6845.50 to keep the continued up-move going in the Year-2026. But it is below 6945.77 which is an extreme alert sign for going down and finally breaks & sustained close below 6887.01 & 6845.50 may trigger an accelerated fall. 

The few important technical indicators are giving mixed signals therefore it can swings both ways at time with a slight tilt towards upside as of now but can switch side fast because volatility is a concern. So be alert and watchful.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:-The view expressed here is solely of the author and for educational purpose and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A BRIEF TECHNICAL NOTE ON S&P-500 – FOR THE WEEK STARTING FROM—26.1.2026---30.1.2026

 

S&P-500

Open—6909.71--High—6932.96—Low—6895.73—Close—6915.61 on 23.1.2026.

All-Time High:--6986.33 made on 12.1.2026.

The overall technical setup looks good for the continuation of up-move. But it is important to mention here that to keep the strong up-momentum on in the year-2026 it has to move above 6945.77 and sustain on the closing basis and to keep the hope alive for the continuation of the up-move it has to sustain above 6887.01 & 6845.50 on the closing basis, please note that it has already triggered alert point of 6945.77 as it is decisively below it and finally break & sustained close below 6887.01 & 6845.50 will trigger fresh fall and then it may witness an accelerated down move.

Please note that the range for the week is between 6934.75---6789.05 it may oscillate in this range during the week, but breakout on the either side will decide the further direction for it, but please keep the yearly important figures mentioned in the above paragraph in the mind for a broader view.

Although technical setup still looks good for a continued up-move, but few important technical indicators speaks otherwise and indicates that it is in the overbought zone, with negative divergence and certain negative signal therefore it is giving mixed signals at this point of time and can swings both ways at times. The bias is still up but with caution because of technical indicators placement. Last but not the least please keep a watch on the price-action for a potential weakness in it. In view of the above observation it is suggested to be extremely cautious and alert in your trades during the week.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:-The view expressed here is solely of the author and for educational purpose and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S & P-500–1.12.2025

 

S & P-500

Open—6822.22--High—6850.86—Low—6819.75—Close—6849.09 on 28.11.2025.

Support:6829.78/6764.15/6722.62/6700.12/6698.88/6655.69/6631.44/5393.99/6569.22/6551.36/6521.92/6508.12/6478.89/6427.02/6360.58/6343.86/6302.04/6212.69/6201/6147.43/6128.04/6099.97/6059.40/6009.82/5944.85/5924.10/5835.81/5768.87.-----

Resistance:6869.91/6879.17/6920.34/6957/6965/6993/6999/7003/7031/7044/7073/7085/7099/7109/7121/7131/7167/7209/7220.

The overall technical setup is extremely good for the continuation of up-move and if it  sustains above  6840.66 on the closing basis then it is likely to retest its all-time high of 6920.34 or may go beyond it also. 

Similarly moving down its broad support points could be at 6833.26---6784.29---6428.24---6255.63—6111.15(for in between support points please see the support table on the upside) it can bounce back from any of these points but break and sustain close below 6833.26 will trigger correction and thereafter break and sustain close below each point will deepen correction and break and sustain close below 6255.63 & 6111.15 may witness an accelerated fall.

The few important technical indicators are giving mixed signals therefore it can swings both ways at time with a strong tilt towards upside as of now but can switch side fast because volatility is a concern. So be alert and watchful.  

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted. This is for educational purpose.

Disclaimer:-The view expressed here is solely of the author and for educational purpose and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S & P-500 –14.4.2025

 

S & P-500

Open—5255.56--High—5381.46—Low—5220.77—Close—5363.36 on 11.4.2025.

Support:5340.65/5327.44/5264.85/5191.68/5146.06/5119.26/5104.35/5091.14/5069.90/5057.29/5011.53/499058/4953.51/4920.31/4917.94/4845.47/4818.62/4802.24/4714.82/4682.11/4637.30/4607.07/4540.82/4488.29/4458.48/4427.76/4397.59/4336.80/4328.08.

Resistance:5390.95/5402.62/5447.80/5497.09/5504.65/5603.10/5651.02/5669.65/5674/5696.51/5762.41/5765.40/5774.56/5786.95/5832.30/5853.01/5876.84/5903.26/5924.10/5962.92/5986.09/6003.79/6019.96/6029.89/6049.75/6090.27/6099.97/6101.28/6128.04/6147.43.

It has filled the gap on 9.4.2025 which it created on 4.4.2025 the gap point was 5391.95 and the gap it created on 3.4.2025 (gap point is 5572.53) is still there, but the stipulated time to fill the gap has ended, therefore chances of filling the gap has receded for now, but please note that it will fill the gap one day for sure. It is exhibiting huge volatility which is not a good sign for a steady market, which may please be noted.

Technically it is on a very weak footing now, as it is into deep correction mode and most importantly long term uptrend is severely threatened and in jeopardy, as it is way below all its long term moving averages on the daily chart as of now, therefore further fall looks inevitable in coming times with in between short relief rallies. However, if it manages to hold the point of 5144.76 & 5059.69 (figure may change) then the up-move can extend further; else it may start the down move again. Moving down further its good support points or range could be at 5038---4971----4945----4917.94---4682.11(some figure may change), it may bounce from any of these points because it is a strong bounce back range, but break & sustained close below 4917.94 will push it into confirmed bear market territory and if it stays below it for a longer period of time then correction or the down move could be very painful time-wise & price-wise both and finally break & sustained close below 4682.11 may witness an accelerated fall, which may please be noted. Therefore moving down 4917.94 & 4682.11 is a very crucial or make or break support point.

Similarly if it moves above 5488.73 and sustain on the closing basis then there could be an extension of the up-move and if it moves above 5562---5598---5622---5664----5701(some figure may change) and sustain on the closing basis, it may gain a good foothold and may extend the rally further, but looking at the present technical setup chances of a strong and continued up-move looks bleak at this point of time. The overall bias is negative as of now

Furthermore, it is important to mention here that as of now almost all the important technical indicators are weak on the daily, weekly & monthly chart. Therefore in totality further fall looks inevitable and it may seek much lower levels in coming times may be with short in between relief rallies.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted.

Disclaimer:-The view expressed here is solely of the author and for educational purpose and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S & P-500 –7.4.2025

 

S & P-500

Open—5292.14--High—5292.14—Low—5069.90—Close—5074.08 on 4.4.2025.

Support:5069.90/5057.29/5011.53/499058/4953.51/4920.31/4917.94/4845.47/4818.62/4802.24/4714.82/4682.11/4637.30/4607.07/4540.82/4488.29/4458.48/4427.76/4397.59/4336.80/4328.08.

Resistance:5091.14/5104.35/5119.26/5146.06/5191.68/5264.85/5327.44/5340.65/5390.95/5402.62/5447.80/5497.09/5504.65/5603.10/5651.02/5669.65/5674/5696.51/5762.41/5765.40/5774.56/5786.95/5832.30/5853.01/5876.84/5903.26/5924.10/5962.92/5986.09/6003.79/6019.96/6029.89/6049.75/6090.27/6099.97/6101.28/6128.04/6147.43.

It has been opening with a down gap for the last two days. Please note that if it makes an effort to fill the gap by 10^th & 11^th April-2025, which is technically possible then it can come up to 5391.95 & 5572.53 level, but if fails to fill the gap in the stipulated time then chances of filling the gap will recede for the time being. But please note that it will fill the gap some day for sure.

Technically it is on a terribly weak footing now and into deep correction mode and most importantly long term uptrend is severely threatened and in jeopardy as it is way below all its long term moving averages on the daily chart as of now, therefore further fall looks inevitable in coming times with in between short relief rallies. However, if it manages to hold the point of 5069 then it may stage a mild recovery but that may not last, and it may continue the down move again. Moving down further its good support points or range could be at 5030---4964----4953----4917.94, it may bounce from any of these points because it is a strong bounce back range, but break & sustained close below 4917.94 will push it into confirmed bear market territory and if it stays below it for a longer period of time then correction or the down move could be very painful time-wise & price-wise both.

Similarly if it moves above 5239.10& 5324.20 (figure will change and will be scale down if it breaks the low of 5069.90) and sustain then a mild extension of recovery may happen, else down move will continue. The short, medium and long term bias is hugely negative as of now.

Furthermore, it is important to mention here that as of now almost all the important technical indicators are weak on the daily, weekly & monthly chart. Therefore in totality further fall looks inevitable and it may seek much lower levels in coming times may be with short in between relief rallies.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S & P-500 –2.4.2025

 

 S & P-500

Open—55597.53--High—5650.57—Low—5558.52—Close—5633.08 on 1.4.2025.

Support:5603.10/5504.65/5497.09/5447.80/5402.62/5390.95/5340.65/5327.44/5264.85/5191.68/5146.06/5119.26/5104.35/5091.14/5057.29/5011.53/499058/4953.51.

Resistance:5651.02/5669.65/5674/5696.51/5762.41/5765.40/5774.56/5786.95/5832.30/5853.01/5876.84/5903.26/5924.10/5962.92/5986.09/6003.79/6019.96/6029.89/6049.75/6090.27/6099.97/6101.28/6128.04/6147.43.

Technically it is on a very weak footing now and into correction mode and most importantly long term uptrend is also severely threatened as it is below all its long term moving averages on the daily chart as of now, therefore further fall looks inevitable in coming times with in between short relief rally at times. However if it manages to hold the points or range of 5611.85----5597.53 in the month of April-2025 then it may extend the pullback rally, but it may get some strength for the rally to move up further once it closes above 5644.18(figure may change) and sustain on the closing basis then the broad upside target could be at 5697---5740---5775-----5787---5818---5896----5904----5925, if it moves above 5697 & 5775 and sustain on the closing basis then it will further strengthen for continuation of the up move and  finally if it moves above 5925 and sustain on the closing basis then it may get back on a up-momentum track again. The chances of it happening look slim at this point of time because the overall bias is hugely negative as of now.

Similarly if it remains below 5696.51 on the closing basis then it is likely to slip down further and if it break and sustain below the range of 5611.85----5597.53  and sustain on the closing basis then it may trigger fresh fall and can drag it down to 5488 levels, it could be a reasonable  bounce back point, but break & sustained close below it  may witness an accelerated fall and can drag it down to the range of 5402----5362----5324, and this could be a strong bounce back range .but if it break & sustained below 5324 on the closing basis for a longer time period then it could drag it down to 5119 or lower. The short & medium term bias is negative and long term uptrend is severely threatened as of now.

Furthermore, it is important to mention here that as of now almost all the important technical indicators are weak on the daily, weekly & monthly chart. Therefore in totality further fall looks inevitable in coming times, provided it do not stage a sharp recovery and move above the critical points.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic review, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P 500 INDEX –1.10.2023

 

S&P 500 INDEX

Open—4328.18--High—4333.15—Low—4274.86—Close—4288.05 on 29.9.2023.

Support:4261.07/4238.63/4222.62/4195.44/4157.87/4114.65/4098.92/4048.28/3909.16/3877.29/3858.83/3808.86/3764.49/3721.56/3698.15/3636.87/3584.13/3491.55.

 Resistance:4328.08/4342.09/4356.29/4385.05/4400.45/4465.40/4486.87/4512.94/4541.25/4545.85/4607.07/4637.30/4718.50/4743.83/4748.83/4818.62.

 (Bold and underlined figures are most important)

Its overall long term technical setup has been threatened a bit as it is below some of its long term moving averages but still looks o.k. as of now, but further fall from here could be a weak sign. It is into short term correction mode, further almost all important technical indicators are negative on the daily & weekly chart and some on the monthly chart also, which indicates further fall may be ahead in coming days/weeks. Please note that break below 4198.70 will push it into long term corrective, which would be highly concerning and can drag it down lower but moving down it will find very strong support in the range of 4048---3805 and as long as it holds 3805 chances of up move will be alive, but sustained break below it could take it down to much lower levels.

Kindly note that to get out of long term uptrend threat, corrective mode and to gain some strength again it has to move above 4360 and sustain on the closing basis, then it can be expected that it may catch up momentum again and if it moves above 4553.21 and sustain on the closing basis then it could retest its all-time high of 4818.62 or may go beyond it also, chances of which looks slim at this point of time.

It is into correction mode now but long term uptrend still looks o.k. despite threat, it is therefore suggested to watch price action now because if price action weakens the long term uptrend will be potentially threatened, which please note.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic updating, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P 500 INDEX –18.7.2022

 

S&P 500 INDEX

Open—3818--High—3863.62—Low—3817.18—Close—3863.16 on 15.7.2022.

Support:3854.90/3810.32/3789.54/3738.67/3721.56/3694.12/3636.87/3588.11/3544/3393.52/3310.47/3233.94.

 Resistance:3870.90/3886.75/3918.50/3945.86/3950.15/3983.87/4056.88/4062.81/4114.65/4157---65-78/4222.62/4233.13/4278.94/4308.45.

 (Bold and underlined figures are most important)

Its overall long term technical setup is very weak at this point of time and it is already into medium and long term correction mode. It is below its important & critical points and also way below its long term  moving averages  on the daily and below some on the weekly chart also, furthermore the important technical indicators are weak on the weekly and monthly chart as of now ,therefore further fall looks inevitable in coming months, which is concerning.

The short term setup is slightly positive hence this rally. The on-going up move is just a pullback rally and it may end abruptly also. But if it moves above 3916 and sustain on the closing basis then this rally can extend further, so it is benchmark point for the continuation of the up move. Moving up it will face stiff resistance at 3873---3881---3916---3946---3971---4050---4070---4088---4114.65. Similarly moving down break below the range of 3854.90---3816 may weaken it and start falling. But it has bed of support in the range of 3854.90---3662.71 and if it hold this range it may witness bounce back again but if it moves below 3662.71 and sustain on the closing then the downside move is expected to accelerate and then it is likely to hit 3250--3300 levels, which may please be noted. Therefore the range of 3854.90---3662.71 is a value range, mind you. The short term bias is slightly positive but the medium & long term bias is negative as of now.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic updating, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P 500 INDEX –25.9.2021

 

S&P 500 INDEX

Open---4438.04---High---4463.12---Low---4430.27---Close---4455.48---on 24.9.2021.

Support: 4435.46/4429.97/4393.68/4367.73/4305.91/4289.37/4233.13/4167.50

4164.40/4128.43/4118.38/4061.41/4056.88/3990.31/3886.75/3853.50/

Resistance:4465.40/4468.99/4480.26/4486.87/4501.71/4537.36/4545.85/4611.11/4637.51/4694.13.

(Bold and underlined figures are most important)

It hit an all-time high of 4545.85 on 2.9.2021 and then started correcting and made a recent bottom of 4305.91 on 20.9.2021. It is still into corrective mode but pullback rally is on and it could come out of corrective mode if it closes above 4503.81 and sustain then it could retest it all-time high of 4545.85 or may go beyond it also. Moving up further from 4545.85 levels, it will face very stiff resistance in the range of 4553---4600(figures may change daily). It is important to mention here that some important technical indicators are showing distinct weakness on the daily & weekly chart as of now which is highly concerning therefore it seems that the up journey from here may not be smooth. Furthermore its long term uptrend threshold point range is between 4276---4090(figures may scale up every day) and sustained break below this range will potentially threaten the uptrend and finally break below 3990.31 (figure may change) will push it into long term corrective mode which may be kept in mind. Please note that it did come near to the threshold point upper band but bounced back. In view of the above observation, it is suggested to be alert in long trade below 4276 and exit long position if it closes below 4090 and sustain.

REMARKS:--The overall bias is mixed with slight tilt towards downside as of now. Therefore it is suggested to be cautious particularly in the long trade.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic updating, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P 500 INDEX –4.7.2021

 

S&P 500 INDEX

Open---4326.60---High---4355.43---Low---4326.60---Close---4352.34---on 2.7.2021.

Support:4287.04/4257.16/4241.43/4208.41/4164.40/4128.43/4118.38/4061.41/4056.88/3983.873950.43/3886.75/3853.50/3805/3789.54/3749.62/3723.34/3694.12/3662.71/3633.40/3588.11/3544.82/3405.73.

Resistance:4355.40/4407.25/4531.50/4557.33/4824.27/5337.81.

(Bold and underlined figures are most important)

Further to my last post of 20.6.2021, it recovered sharply and moved above its critical point of 4210 and hit a new all time high of 4355.43 and also bounced back above its short and medium term moving averages but it is still just below its major rising trend line drawn from the bottom of 2191.86 made on 23.3.2020, the trend line is placed at 4385(it will rise every day) for 5.7.2021 and one important technical indicator is showing weakness on the weekly chart these two are the weak link in it but pricewise it is showing robust strength for the continuation of the up move, which is positive sign. So moving up from here its critical resistance or target points could be at-4355.40---4407.25---4531.50---4557.33---4824.27---5337.81. Similarly moving down its critical support points would be at 4284.97---4199.36---4084.98(figures can scale up if it hits new all time high). Please note that sustained break below 4284.97 on he closing basis could push it into very short correction, sustained break below 4199.36 could push it into deep short term correction mode and sustained break below 4084.98 could push it into medium term correction mode.  

The long term bias is strongly up and short term outlook is also positive but since it is making new high every other day therefore be cautious henceforth because it could correct any time.   

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic updating, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON S&P 500 INDEX –20.6.2021

 

S&P 500 INDEX

Open---4204.78---High---4204.78---Low---4164.40---Close---4166.45---on 18.6.2021.

Support:4136.15/4128.43/4118.38/4056.88/3983.87/3950.43/3886.75/3853.50/3805/3789.54/3749.62/3723.34/3694.12/3662.71/3633.40/3588.11/3544.82/3405.73.

Resistance:4167.50/4191.31/4208.41/4218.78/4238.04/4257.16/4287.32/4307/4350/4531.

(Bold and underlined figures are most important)

It has been falling for the last four days and moving down it has decisively broken its major rising trend line on 18.6.2021 drawn from the bottom of 2191.86 made on 23.3.2020, which is an extremely weak sign. Furthermore falling down it has broken some of  its short and medium term moving averages also and some important technical indicators are giving potential indication that it may further move down from here with intermittent short relief rallies in coming days, provided it does not bounce back sharply in the short period of time.

It is already into very short correction mode and to come out of it, it has to move above 4210 and sustain on the closing basis to resume the up move again, but if it continues to move down then its critical support point would be at 4136.15---4124.38---4009.90---3756.07---3405.73 levels. Please note that sustained break below 4124.38 on the closing basis will push it into deep short term correction mode, sustained break below 4009.90 on the closing basis will push it into medium term correction mode, sustained break below 3756.07 on the closing basis will push it into long term correction mode and will potentially threaten the uptrend and most importantly sustained break below 3405.73 on the closing basis will get it into bear market.

The long term technical setup is still looks o.k. as of now, but the short and medium term outlook is slightly weak now and if it does not bounce back sharply and move above 4210 and sustain on the closing basis then it could continue the down move and may seek lower levels in coming days. It is therefore suggested to be cautious in the long trade from now on.

NOTE: - It is a technical assessment of the indices as of now, the technical interpretation changes with the price movement and time; therefore it needs periodic updating, which may please be noted.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.