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.

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.

Additional key levels

SP 500

Today last price 2847
Today Daily Change 11.25
Today Daily Change % 0.40
Today daily open 2835.75
Daily SMA20 2949.5
Daily SMA50 2946.34
Daily SMA100 2910.41
Daily SMA200 2798.57
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



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD falls off the highs amid trade wars, weak German figures

EUR/USD is falling toward 1.1100. The German IFO Business Climate dropped to 94.3 points, below expectations. Markets are concerned by the intensifying US-Sino trade wars.


GBP/USD consolidates amid Brexit uncertainty

GBP/USD is trading below 1.2300, consolidating its gains. The UK and the EU have been blaming each other for a potential no-deal Brexit. US-Sino tensions are in play as well.


USD/JPY recovers farther from multi-year lows on Trump’s positive trade-related comments

The incoming positive trade-related comments dented the JPY’s safe-haven demand. Improving global risk sentiment helped the pair to recover around 150-pips intraday. Investors now look forward to the US durable goods orders data for a fresh impetus.


Gold retreats from multi-year tops, fills weekly bullish gap on positive trade headlines

Gold extended its intraday pullback from fresh multi-year tops and dropped to fresh session lows in the last hour, filling the weekly bullish gap. The US-China trade tensions escalated further.

Gold News

Forex Today: Trade wars paint markets in red, Brexit looks worse, and central banks are limited

Here is what you need to know on Monday, August 26th: The US-Sino trade war is painting global markets in the red. The US dollar is losing some ground to major currencies as yields plunge, while it gains against commodity currencies. Gold is rising and oil is falling.

Read more