SMI Daily Analysis — 2026-09-08
Session: ClosingLatest
- Close
- 14,057.61
- Change
- -1.55%
- 1W Change
- -1.93%
- 20D Change
- -3.55%
- EMA20
- 14,356.02
- EMA50
- 14,266.39
- EMA200
- 13,575.19
- RSI (14)
- 34.3
- ATR (14)
- 147.43
- Volatility (20D)
- 9.55%
- Distance from 20D High
- -3.75%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 15.72
- US10Y
- 4.81%
- DXY
- 98.86
The index closed lower with a notable decline, extending recent weakness. Market sentiment remains cautious amid elevated volatility.
Market Drivers
The move is driven by broad risk-off sentiment, with no clear sector leadership. Declining breadth suggests widespread selling pressure.
Trend Interpretation
Price is trading below both the short-term and medium-term moving averages, indicating a bearish trend structure. Momentum is negative, with the RSI in oversold territory.
Risk Factors
Key risks include further downside if support levels fail, and potential for increased volatility given the current high volatility environment.
Bullish
A bullish scenario would involve a rebound from oversold conditions, with price reclaiming the short-term moving average and momentum turning positive.
Neutral
A neutral scenario sees the index consolidating in a range, with price oscillating around the moving averages as volatility subsides.
Risk
In a risk scenario, continued selling pressure could push the index lower, breaking below key support and accelerating the downtrend.