S&P500 Index technical analysis: US stocks end Tuesday in the green near the 2,980 level

The S&P500 is up on the day close to 2,895 resistance.
Immediate supports are seen at the 2,965 and 2,950 levels.

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P500 is retreating below the 3,000 handle. Bulls want to break above this level to continue to travel towards the 3,010 and 3,045 level.

S&P500 4-hour chart

The market is finding some support above 2,950 and the 50 SMA. The index is trading above its main simple moving averages (SMAs) suggesting bullish momentum in the medium term.

S&P500 30-minute chart

The S&P500 is about to test the 2,985 resistance and the 200 SMA. A bullish failure would lead to 2,965 key support and the 2,950 level. Further down lies 2,910 which can can become the next support.

Additional key levels

SP 500

Overview
Today last price	2979.25
Today Daily Change	3.75
Today Daily Change %	0.13
Today daily open	2975.5

Trends
Daily SMA20	2868.36
Daily SMA50	2878.35
Daily SMA100	2849.36
Daily SMA200	2763.6

Levels
Previous Daily High	2986
Previous Daily Low	2970.75
Previous Weekly High	3000.5
Previous Weekly Low	2952.25
Previous Monthly High	2965
Previous Monthly Low	2729.25
Daily Fibonacci 38.2%	2976.58
Daily Fibonacci 61.8%	2980.17
Daily Pivot Point S1	2968.83
Daily Pivot Point S2	2962.17
Daily Pivot Point S3	2953.58
Daily Pivot Point R1	2984.08
Daily Pivot Point R2	2992.67
Daily Pivot Point R3	2999.33

Author

Flavio Tosti

Independent Analyst

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