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S&P 500 Price Analysis: Dead-cat bounce could see US stocks fall to 2300 level, horrid NFP

 

S&P 500 daily chart

 
The S&P 500 remains vulnerable below the 2540/2600 resistance zone as the US Nonfarm Payrolls plummeted by 701K in March. The bullish reaction at the end of March might be a dead-cat bounce as sellers could come back en masse to the market to drive it to the 2300 and 2200 levels on the way down while resistance should be expected near the 2540, 2600 and 2700 levels. 
 

Additional key levels 

SP 500

Overview
Today last price 2514.25
Today Daily Change -11.75
Today Daily Change % -0.47
Today daily open 2526
 
Trends
Daily SMA20 2546.65
Daily SMA50 2968.6
Daily SMA100 3084.6
Daily SMA200 3028.93
 
Levels
Previous Daily High 2535
Previous Daily Low 2436.25
Previous Weekly High 2641
Previous Weekly Low 2188.5
Previous Monthly High 3137
Previous Monthly Low 2188.5
Daily Fibonacci 38.2% 2497.28
Daily Fibonacci 61.8% 2473.97
Daily Pivot Point S1 2463.17
Daily Pivot Point S2 2400.33
Daily Pivot Point S3 2364.42
Daily Pivot Point R1 2561.92
Daily Pivot Point R2 2597.83
Daily Pivot Point R3 2660.67

 

 

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