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.

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

Today last price 2487.25
Today Daily Change -87.25
Today Daily Change % -3.39
Today daily open 2574.5
Daily SMA20 2603.64
Daily SMA50 3001.58
Daily SMA100 3096.54
Daily SMA200 3033.1
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



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