- 2022-09-06
- Posted by: kimsite
- Categories: Insights, Volume Analysis
WRITTEN BY: CHIEF TECHNICAL ANALYST, BUFF DORMEIER, CMTⓇ
S&P 500 3900 support was tested twice last week (3903,3906) and held. This action illustrates the bulls are providing strong support @ the SPX 500 3900 index battleline.
Meanwhile, S&P 500 Capital Weighted Volume is also holding it corresponding support @331. S&P 500 resistance resides at the former support level 4000 while additional support can be found @ SPX 3820.
Overall, the capital flows remain below trend and momentum continues to the downside.
Updated: 9/6/22
Historical references do not assume that any prior market behavior will be duplicated. Past performance does not indicate future results. This material has been prepared by Kingsview Wealth Management, LLC. It is not, and should not, be regarded as investment advice or as a recommendation regarding any particular security or course of action. Opinions expressed herein are current opinions as of the date appearing in this material only. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate their ability to invest for the long term. Investment advisory services offered through Kingsview Wealth Management, LLC (“KWM”), an SEC Registered Investment Adviser.
