SMI Daily Analysis — 2026-09-09
Session: ClosingLatest
- Close
- 13,804.70
- Change
- -1.80%
- 1W Change
- -3.89%
- 20D Change
- -4.46%
- EMA20
- 14,303.52
- EMA50
- 14,248.29
- EMA200
- 13,583.68
- RSI (14)
- 27.1
- ATR (14)
- 154.97
- Volatility (20D)
- 10.92%
- Distance from 20D High
- -5.49%
- Advancers
- —
- Decliners
- —
- Volume
- 0
- VIX
- 16.54
- US10Y
- 4.84%
- DXY
- 98.81
The index closed sharply lower, extending recent losses and reflecting a broad risk-off tone.
Market Drivers
The decline is driven by persistent selling pressure, with the index trading well below its short-term averages and momentum indicators pointing to oversold conditions.
Trend Interpretation
Price is below both the 20-day and 50-day moving averages, indicating a short-term downtrend, while the long-term average still provides underlying support.
Risk Factors
Key risks include continued deterioration in market breadth and a potential break below the long-term support level, which could accelerate selling.
Bullish
A bullish scenario would see the index stabilize and rebound from oversold levels, reclaiming the short-term averages as buyers step in.
Neutral
A neutral scenario involves the index consolidating in a range, with volatility easing and price oscillating between recent highs and lows.
Risk
In a risk scenario, the index could break decisively below the long-term average, triggering further downside and a more pronounced bearish phase.