S&P500 technical analysis: Index ends Thursday near the 2,850.00 level


  • The S&P500 makes no progress this Thursday as it consolidates Wednesday's losses.
  • The market might continue declining towards the 2,814.00 and 2,790.00 levels.
 
 

S&P500 daily chart

 
The S&P 500 Index is trading below the 2,900.00 handle and the 50/100 day simple moving averages (DSMAs) as the yield curve inversion is seen as a recession signal by market players.
  
SP500Daily

S&P500 4-hour chart

 
The market has been consolidating around the 2,850.00 level this Thursday. It seems the bears could drive the market lower towards 2,814.00 and 2,790.00 support in the medium term. The 2,850/70 levels could act as resistance.
 
SP5004H

Additional key levels

SP 500

Overview
Today last price 2847
Today Daily Change 11.25
Today Daily Change % 0.40
Today daily open 2835.75
 
Trends
Daily SMA20 2949.5
Daily SMA50 2946.34
Daily SMA100 2910.41
Daily SMA200 2798.57
Levels
Previous Daily High 2936
Previous Daily Low 2835.5
Previous Weekly High 2941.5
Previous Weekly Low 2790.5
Previous Monthly High 3028.5
Previous Monthly Low 2952.25
Daily Fibonacci 38.2% 2873.89
Daily Fibonacci 61.8% 2897.61
Daily Pivot Point S1 2802.17
Daily Pivot Point S2 2768.58
Daily Pivot Point S3 2701.67
Daily Pivot Point R1 2902.67
Daily Pivot Point R2 2969.58
Daily Pivot Point R3 3003.17

 

 

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