S&P500 Technical Analysis: US Stocks recovering from last week crash as the market holds above 2,800.00 figure
|- The S&P500 ended the day virtually unchanged above the 200-day simple moving average.
- Bulls managed to recover losses made earlier in the day suggesting that further advances can be on the cards. The RSI, MACD and Stochastic indicators are slowly recovering from oversold conditions suggesting potential bullish momentum.
- Resistance to the upside are seen near 2,834.25 (current October 10 low) and 2,853.00 (August 9 low).
S&P500 daily chart
Spot rate: 2,814.75
Relative change: -0.01%
High: 2,822.75
Low: 2,782.00
Main trend: Bullish
Resistance 1: 2,834.25 current October 10 low
Resistance 2: 2,853.00 August 9 low
Resistance 3: 2,863.75 August 7 high
Resistance 4: 2,877.00 January swing high
Support 1: 2,800.00 figure
Support 2: 2,763.50 July 11 low
Support 3: 2,718.75 April 17 high
Support 4: 2,710.00 October 11 low
Support 5: 2,700.00 figure
Support 6: 2,647.25 March 2 low
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