S&P500 Technical Analysis: US Stocks capped below 2,910.00 resistance
|S&P500 daily chart
- The S&P500 index is trading in a bull trend above its main simple moving averages (SMAs).
S&P500 4-hour chart
- The S&P500 is trading above its main SMAs suggesting bullish momentum the medium-term.
- The S&P500 is trading below its 50 and 100 SMAs suggesting a correction down.
- The market is expected to be capped below 2,910.00 resistance.
- Looking down, investors can expect short-term support at 2,890.00 and 2,880.00 level.
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