S&P 500 Price Forecast: US stocks easing from two-week's highs, trades near 2500 level

S&P 500 is pressuring the 2500 support level.
Further weakness can be on the cards with 2400 and 2300 on the bears’radar.

Flavio Tosti Independent Analyst

S&P 500 daily chart

The S&P 500 is pressuring the 2500 support as the market is easing from 11-day’s highs. A break below the above-mentioned support can lead to further weakness towards the 2400 and 2300 levels on the way down. Resistance can emerge near 2600 level initially.

Additional key levels

SP 500

Overview
Today last price	2487.25
Today Daily Change	-87.25
Today Daily Change %	-3.39
Today daily open	2574.5

Trends
Daily SMA20	2603.64
Daily SMA50	3001.58
Daily SMA100	3096.54
Daily SMA200	3033.1

Levels
Previous Daily High	2645.75
Previous Daily Low	2567
Previous Weekly High	2641
Previous Weekly Low	2188.5
Previous Monthly High	3137
Previous Monthly Low	2188.5
Daily Fibonacci 38.2%	2597.08
Daily Fibonacci 61.8%	2615.67
Daily Pivot Point S1	2545.75
Daily Pivot Point S2	2517
Daily Pivot Point S3	2467
Daily Pivot Point R1	2624.5
Daily Pivot Point R2	2674.5
Daily Pivot Point R3	2703.25

Author

Flavio Tosti

Independent Analyst

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