S&P 200 (AXJO.NDX)

Short term

S&P 200 shows strong development within a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The index has support at points 8200 and resistance at points 8350. The index is assessed as technically slightly positive for the short term.

Recommendation one to six weeks: Weak Positive

Medium term

Investors have paid higher prices over time to buy S&P 200 and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 8120 points. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive

Long term

S&P 200 is in a rising trend channel in the long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 7372. The objective at 8050 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 7600 points. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive