S&P500 technical analysis: The consolidation goes on below the 2,900.00 mark
|- The S&P500 extends the consolidation theme for the third day.
- The level to beat for bulls is 2,910.00.
S&P500 daily chart
The S&P500 Index is consolidating the recent gains below the 2,900.00 mark. The market is bullish above its main daily simple moving averages (DSMAs).
The American stock index is trading above the main SMAs suggesting bullish momentum in the medium term. Bulls need to break 2,910.00 to travel towards 2,940.00 and 2,960.00. Immediate support can be seen at 2,880.00 and 2,840.00.
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