S&P500 Technical Analysis: Bulls not out of the woods as more losses to 2,729.50 are on the cards
|- The S&P500 is trading in a bull trend above its 200-day simple moving average.
- The market found some resistance near the 2,800.00 figure and the 50 and 100 SMA.
- Failure for bulls to hold above 2,766.00 would likely see the market slip down to 2,729.50 (October 12 low).
S&P500 daily chart
Main trend: Bullish
Resistance 1: 2,800.00 figure
Resistance 2: 2,834.25 October 10 low
Resistance 3: 2,853.00 August 9 low
Support 1: 2,766.00 November 2 high
Support 2: 2,718.75 April 17 high
Support 3: 2,700.00 figure
Support 4: 2,729.50 October 12 low.
Support 5: 2,647.25 March 2 low
Support 6: 2,600.00 figure
Support 7: 2,530.75, 2018 low
Additional key levels at a glance:
SP 500
Overview:
Last Price: 2778.25
Daily change: -2.7e+3 pips
Daily change: -0.954%
Daily Open: 2805
Trends:
Daily SMA20: 2740.7
Daily SMA50: 2830.57
Daily SMA100: 2831.19
Daily SMA200: 2767.85
Levels:
Daily High: 2817.75
Daily Low: 2795
Weekly High: 2766
Weekly Low: 2604.5
Monthly High: 2939.5
Monthly Low: 2604.5
Daily Fibonacci 38.2%: 2803.69
Daily Fibonacci 61.8%: 2809.06
Daily Pivot Point S1: 2794.08
Daily Pivot Point S2: 2783.17
Daily Pivot Point S3: 2771.33
Daily Pivot Point R1: 2816.83
Daily Pivot Point R2: 2828.67
Daily Pivot Point R3: 2839.58
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.