S&P 500 is technically strong due to price above moving averages, positive RSI, and bullish MACD crossover; view is constructive.
Bullish
“The Market Is Getting Defensive. But Not Where You Think”
StockCharts TVPublished Oct 9 · 2 passages
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Here we are looking at the daily price chart for the "S&P 500" index. You can see that we are settling here quite well above these key moving averages. This is a daily price chart.
We have a good positive Relative Strength Index (RSI). The S&P 500 rose by about 1.2% last week, and it's settling in here very well.
Of course, we will discuss how this shift helps to keep the index in a very constructive position. We have seen a bullish MACD crossover, where the black line broke through its red counterpart, and we are now in a positive zone for this indicator as well.
Therefore, the S&P index looks very well positioned here.
What this channel has said about $SPY
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2026-10-09BullishThis one
Here we are looking at the daily price chart for the "S&P 500" index. You can see that we are settling here quite well above these key moving averages. This is a daily price chart. We have a good positive Relative Strength Index (RSI). The S&P 500 rose by about 1.2% last week, and it's settling in here very well.
2026-09-23Bullish
Today we will be discussing the Standard & Poor's 500 index, some of the major high-growth exchange-traded funds (ETFs), the energy sector, and then Bitcoin.
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