S&P 500 Update – April 20, 2025
We’re still in a confirmed weekly downtrend (though we have paused our decline), and the daily chart is showing signs of indecision. The sharp bounce on April 9 created a large green candle, and price action since then has been stuck inside that day’s range, forming inside bars and signaling continued indecision.
Key Points:
This is a tough environment for swing traders. There’s opportunity on lower timeframes, but without clear direction, larger trades carry more risk. Stay patient, watch for a break in either direction, and keep size light if you choose to participate.
We’re still in a confirmed weekly downtrend (though we have paused our decline), and the daily chart is showing signs of indecision. The sharp bounce on April 9 created a large green candle, and price action since then has been stuck inside that day’s range, forming inside bars and signaling continued indecision.
Key Points:
- Trendlines: We remain under multiple downtrend lines (drawn from both the weekly and daily timeframes), as well as all major moving averages.
- Resistance: The April 9 high around 5458 has now been rejected twice.
- Support: We’re currently holding above the short-term uptrend line off the April 7 pivot near 5265. Buyers have defended this level for several days in a row.
- Neutral Zone: Until we break below this rising trendline or reclaim the EMAs and downtrend lines, this remains a choppy, sideways range.
This is a tough environment for swing traders. There’s opportunity on lower timeframes, but without clear direction, larger trades carry more risk. Stay patient, watch for a break in either direction, and keep size light if you choose to participate.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.