empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

15.09.202106:21 Forex Analysis & Reviews: Technical analysis of S&P 500 for September 15, 2021

Exchange Rates 15.09.2021 analysis

The S&P 500 index broken above our ideal target at 4.444 for a test of 4.546 where it stalled a turned lower and now closed below the trendline support at 4.468 indicating a larger decline is in motion. The first target we will be looking for is seen in the 4.168 - 4.190 area, but the extended period of time the S&P 500 index has rallied without any correction other than unusual small ones could indicate that a larger correction now is install for the equity market.

We would not be surprised to see a series of top-formation beginning to develop in the coming weeks followed by a sudden waterfall decline in the S&P 500 index.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.