
Technical analysis of S&P 500 (index) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
The S&P 500 is a stock market index representing 500 large-cap companies listed in the United States, selected based on market capitalization and liquidity criteria. The index is calculated and maintained by S&P Dow Jones Indices and is widely used as an indicator of the performance of the US stock market.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 21, 2026, computed on the last 12 months of prices.
21 sessions
7,734.09 $
+0.30%
50 sessions
7,704.85 $
+0.68%
200 sessions
7,284.21 $
+6.49%
s2
7,629.28
Support
s1
7,670.93
Support
pivot
7,709.67
Pivot
r1
7,751.32
Resistance
r2
7,790.06
Resistance
In the October 21, 2026 session S&P 500 closed higher at 7,757.17 $, +0.58% versus the previous session.
The price sits above every moving average observed: +0.30% against the 21-session average, +0.68% against the 50 and +6.49% against the 200.
The 14-period RSI reads 53.6, in neutral territory.
MACD stands at 11.776 against a signal line at 19.325: the histogram is negative (−7.549).
ADX reads 12.3, indicating weak directionality.
Levels computed on the latest session place supports at 7,670.93 and 7,629.28 $ and resistances at 7,751.32 and 7,790.06 $, around a pivot of 7,709.67.
The average daily range (ATR) is 70.412 $, or 0.91% of price.
Turnover was 2.9B shares, 68% of the 20-session average.
Over the last twelve months the price ranged between 7,174.12 and 7,844.52 $, and today stands −1.11% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is S&P 500 analysed technically?
Technical analysis of S&P 500 is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for S&P 500?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to S&P 500?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to S&P 500 it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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