S&P 500 New York Price Forecast: US stocks hovering near 11-day’s highs

S&P 500 is pressuring the 2600 mark.
A daily close above the 2700 level is needed to confirm a potential bottom.

Flavio Tosti Independent Analyst

S&P 500 daily chart

The S&P 500 is pressuring the 2600 mark as bulls want a continuation up of the bullish move started last week. However, the market should ideally close above the 2700 level to confirm a potential bottom in equities. Support is expected near 2500 and 2400 levels on the way down.

Additional key levels

SP 500

Overview
Today last price	2605.25
Today Daily Change	-20.25
Today Daily Change %	-0.77
Today daily open	2625.5

Trends
Daily SMA20	2624.45
Daily SMA50	3016.52
Daily SMA100	3101.69
Daily SMA200	3034.97

Levels
Previous Daily High	2631.25
Previous Daily Low	2492
Previous Weekly High	2641
Previous Weekly Low	2188.5
Previous Monthly High	3395.25
Previous Monthly Low	2854.5
Daily Fibonacci 38.2%	2578.06
Daily Fibonacci 61.8%	2545.19
Daily Pivot Point S1	2534.58
Daily Pivot Point S2	2443.67
Daily Pivot Point S3	2395.33
Daily Pivot Point R1	2673.83
Daily Pivot Point R2	2722.17
Daily Pivot Point R3	2813.08

Author

Flavio Tosti

Independent Analyst

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