S&P 500 Index (SPX-I)
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Apr 16, 2025, 12:00 amThis summary was created by AI, based on 1 opinions in the last 12 months.
According to Jessica Inskip's technical analysis, the S&P 500 Index (SPX-I) is currently experiencing increased volatility, influenced by a strong job market and higher inflation rates. The recent post-election rally had pushed the index upward, but it has now closed below a critical support level of 5,850, finishing the week at 5,827, which raises concerns about a further decline. Analysts are particularly wary, as the next support level is identified at 5,783. The Ichimoku Cloud indicator suggests a bearish trend, indicating that the overall chart has turned negative. Inskip warns of the possibility that the index could retrace the entire post-election rally, bringing it closer to 5,783 and breaking below the 13-week moving average signifies weakening momentum in the market.
When he looks at a universe of stocks like the S&P 500, what he cares about is whether breadth has been improving or deteriorating. No bear market ever happened while breadth was expanding. He also tracks the percentage of stocks above 50-day and 150-day moving averages. Those are all expanding.
Forget what we think about seasonality and weakness in the second two weeks of June. Market's been pretty good since April. Still news risk, and the S&P hasn't been able to make a new high yet. But breadth is still improving. Unless that started to deteriorate, picking a price and hoping you're picking a top is a risky business.
Around the world, more and more markets are performing well. This speaks to $$ flowing into equities as a whole, not just in the US. Stocks are outperforming bonds pretty steadily.
He'd wait to see some technical indication that we're going through a top before embarking on this strategy.
The post-election rally kept the S&P up, and Inskip was hoping it would remain above 5,850, a key level. It closed the week today at 5,827, crossing that support. Next level of support is 5,783. According to the Ichimoku Cloud, the S&P chart has turned negative, bearish. Inskip thinks we could roll back the entire post-election rally, taking us down to 5,783. The S&P broke below the 13-week average.
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S&P 500 Index(SPX-I) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 3
S&P 500 Index(SPX-I) Frequently Asked Questions
What is S&P 500 Index stock symbol?
S&P 500 Index is a OTC stock, trading under the symbol SPX-I on the (). It is usually referred to as or SPX-I
Is S&P 500 Index a buy or a sell?
In the last year, 3 stock analysts published opinions about SPX-I. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for S&P 500 Index.
Is S&P 500 Index a good investment or a top pick?
S&P 500 Index was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for S&P 500 Index.
Why is S&P 500 Index stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is S&P 500 Index worth watching?
3 stock analysts on Stockchase covered S&P 500 Index In the last year. It is a trending stock that is worth watching.
What is S&P 500 Index stock price?
On , S&P 500 Index (SPX-I) stock closed at a price of $.