S&P500 Index technical analysis: Trump calls back the bulls as the market closes above the 2,850.00 price level


S&P500 daily chart
 
The S&P500 Index is trading in a bull trend above its 200-period simple moving averages (SMA). The market found some support above the 2,800.00 figure on Tuesday and is having some follow-through on Wednesday. US President Trump will delay tariffs on autos and the market interpreted the comment as bullish.

S&P500 4-hour chart


The market is trading below its main SMAs suggesting a consolidation phase in the medium term.


S&P500 30-minute chart

The index is trading above the 2,850.00 mark and its simple main SMAs suggesting bullish momentum in the near term. Bulls can target 2,870.00 and 2,890.00 to the upside. Support is seen at 2835 andb 2820.00 price level.


Additional key levels

SP 500

Overview
Today last price 2851.5
Today Daily Change 12.00
Today Daily Change % 0.42
Today daily open 2839.5
 
Trends
Daily SMA20 2907.71
Daily SMA50 2870.22
Daily SMA100 2785.05
Daily SMA200 2770.34
Levels
Previous Daily High 2853
Previous Daily Low 2804.25
Previous Weekly High 2937.75
Previous Weekly Low 2825
Previous Monthly High 2954.75
Previous Monthly Low 2850.25
Daily Fibonacci 38.2% 2834.38
Daily Fibonacci 61.8% 2822.87
Daily Pivot Point S1 2811.5
Daily Pivot Point S2 2783.5
Daily Pivot Point S3 2762.75
Daily Pivot Point R1 2860.25
Daily Pivot Point R2 2881
Daily Pivot Point R3 2909

 

 

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