Volume Analysis | Flash Market Update – 9.6.22

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

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