S&P500 Index technical analysis: US stocks end Tuesday in the green near the 2,980 level
|- The S&P500 is up on the day close to 2,895 resistance.
- Immediate supports are seen at the 2,965 and 2,950 levels.
S&P500 daily chart
The S&P500 is retreating below the 3,000 handle. Bulls want to break above this level to continue to travel towards the 3,010 and 3,045 level.
S&P500 4-hour chart
The market is finding some support above 2,950 and the 50 SMA. The index is trading above its main simple moving averages (SMAs) suggesting bullish momentum in the medium term.
S&P500 30-minute chart
The S&P500 is about to test the 2,985 resistance and the 200 SMA. A bullish failure would lead to 2,965 key support and the 2,950 level. Further down lies 2,910 which can can become the next support.
Additional key levels
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.