When the Price of S&p 500 Index $SPX Talks, People Listen

April 22, 2023, 18:00 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SPX

• Buy SPX slightly over 3973.14 target 4174.55 stop loss @ 3961.67 Details

The technical summary data tells us to buy SPX near 3973.14 with an upside target of 4174.55. This data also tells us to set a stop loss @ 3961.67 to protect against excessive loss in case the stock begins to move against the trade. 3973.14 is the first level of support below 4133.52 , and by rule, any test of support is a buy signal. In this case, support 3973.14 is being tested, a buy signal would exist.

• Short SPX slightly under 4174.55, target 3973.14, stop loss @ 4186.61 Details

The technical summary data is suggesting a short of SPX as it gets near 4174.55 with a downside target of 3973.14. We should have a stop loss in place at 4186.61though. 4174.55 is the first level of resistance above 4133.52, and by rule, any test of resistance is a short signal. In this case, if resistance 4174.55 is being tested, a short signal would exist.

Swing Trading Plans for SPX

• Buy SPX slightly over 4136.70, target 4169.50, Stop Loss @ 4124.75 Details

If 4136.70 begins to break higher, the technical summary data tells us to buy SPX just slightly over 4136.70, with an upside target of 4169.50. The data also tells us to set a stop loss @ 4124.75 in case the stock turns against the trade. 4136.70 is the first level of resistance above 4133.52, and by rule, any break above resistance is a buy signal. In this case, 4136.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SPX slightly near 4136.70, target 3973.14, Stop Loss @ 4148.65. Details

The technical summary data is suggesting a short of SPX if it tests 4136.70 with a downside target of 3973.14. We should have a stop loss in place at 4148.65 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 4136.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SPX

• Buy SPX slightly over 4136.70, target 4158.11, Stop Loss @ 4127.05 Details

If 4136.70 begins to break higher, the technical summary data tells us to buy SPX just slightly over 4136.70, with an upside target of 4158.11. The data also tells us to set a stop loss @ 4127.05 in case the stock turns against the trade. 4136.70 is the first level of resistance above 4133.52, and by rule, any break above resistance is a buy signal. In this case, 4136.70, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SPX slightly near 4136.70, target 4133.12, Stop Loss @ 4146.35. Details

The technical summary data is suggesting a short of SPX if it tests 4136.70 with a downside target of 4133.12. We should have a stop loss in place at 4146.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 4136.70, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for S&p 500 Index (SPX) available here: SPX.

SPX Ratings for April 22:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	3759.16
P2	4133.12	4136.70	3973.14
P3	4158.11	4169.50	4174.55

AI Generated Signals for SPX

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of S&p 500 Index (NYSE: SPX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for SPX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.