{"id":1649,"date":"2026-03-14T20:53:43","date_gmt":"2026-03-14T19:53:43","guid":{"rendered":"https:\/\/round-robin.eu\/blog\/?p=1649"},"modified":"2026-03-14T20:54:03","modified_gmt":"2026-03-14T19:54:03","slug":"technical-analysis-sp500-chart-of-the-week-11","status":"publish","type":"post","link":"https:\/\/round-robin.eu\/blog\/technical-analysis-sp500-chart-of-the-week-11\/","title":{"rendered":"Chart of the Week: S&P500 index"},"content":{"rendered":"\r\n

Weekly appointment with the world’s most watched charts.<\/span><\/em><\/p>\r\n\r\n\r\n\r\n

Last week the framework spoke. This week the market answered. The MA20W retested, rejected, and Friday on the lows. The analysis holds. Let’s dig deeper.<\/p>\r\n\r\n\r\n\r\n

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Bulls vs Bears<\/h2>\r\n
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infographic: S&P500 index weekly – Bulls vs Bears<\/p><\/div>\r\n\r\n\r\n\r\n

This week’s infographic shows a further shift in weight. Bear Strength plus Bear Resilience rise to 288.77 points against 153.55 for the bulls, a ratio of nearly 1.9 to 1. The Fear Indicator hits 90-95%.<\/p>\r\n\r\n\r\n\r\n

The week opened with a gap down, then the market recovered. The close came on the weekly lows. The mid-week sigh of relief was false.<\/p>\r\n\r\n\r\n

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The Big Picture<\/h2>\r\n
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chart: S&P500 weekly<\/p><\/div>\r\n\r\n\r\n\r\n

The market closed on the lows at 6,632.19.<\/p>\r\n\r\n\r\n\r\n

After Monday’s gap down the price rallied back to the MA20W. The level that had guided every rally in this multi-year cycle \u2014 introduced as the key reference in our first analysis in W02<\/a> and examined in depth in the February deep dive<\/a> \u2014 rejected the recovery attempt and closed the week sending prices to the low. The test failed. The confirmation came from the MA20W itself.<\/p>\r\n\r\n\r\n\r\n

The MA5W has completed the bearish cross on the MA20W as well, having already done so on the MA10W. Something not seen in over 12 months. An indisputable trend switch on the technical plane. Last week<\/a> we defined the trigger conditions. This week those conditions found confirmation.<\/p>\r\n\r\n\r\n\r\n

Price targets on the chart:<\/p>\r\n\r\n\r\n\r\n