S&P500 Technical Analysis: US Stocks remain fragile near 2,700.00 figure
|- The S&P500 is having a deep pullback below the 200-day simple moving average (SMA).
- The S&P500 closed above the 2,700.00 level but the day is closing far away from its high suggesting bullish weakness and potential bearish resumption in the second half of the week.
- Targets to the downside are seen near 2,647.25 (March 2 low) and 2,600.00 figure.
S&P500 daily chart
Main trend: Bullish
Short-term trend: Bearish pullback below 200-day SMA
Resistance 1: 2,718.75 April 17 high
Resistance 2: 2,763.50 July 11 low
Resistance 3: 2,800.00 figure
Resistance 4: 2,834.25 current October 10 low
Support 1: 2,700.00 figure
Support 2: 2,647.25 March 2 low
Support 3: 2,600.00 figure
Support 4: 2,530.75, 2018 low
Additional key levels at a glance:
SP 500
Overview:
Last Price: 2706.5
Daily change: 1.9e+3 pips
Daily change: 0.688%
Daily Open: 2688
Trends:
Daily SMA20: 2768.15
Daily SMA50: 2851.16
Daily SMA100: 2828.57
Daily SMA200: 2766.76
Levels:
Daily High: 2692
Daily Low: 2634
Weekly High: 2780.5
Weekly Low: 2627.75
Monthly High: 2939.5
Monthly Low: 2864.25
Daily Fibonacci 38.2%: 2669.84
Daily Fibonacci 61.8%: 2656.16
Daily Pivot Point S1: 2650.67
Daily Pivot Point S2: 2613.33
Daily Pivot Point S3: 2592.67
Daily Pivot Point R1: 2708.67
Daily Pivot Point R2: 2729.33
Daily Pivot Point R3: 2766.67
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