S&P500 Index technical analysis: US stocks reach 2,890.00 target on earning figures


S&P500 daily chart
 
The S&P500 Index is trading in a bull trend above its 200-period simple moving averages (SMA). The index is up as investors are cheering better-than-anticipated earning figures.

S&P500 4-hour chart


The market is very close to the 2,900.00 figure along with the 100 and 200 SMAs.
As discussed previously, the market hit 2,890.00 this Thursday. 


S&P500 30-minute chart

Bulls are back in charge. The next main target is seen at 2,937.00. Before that bulls need to break above 2,890.00 resistance and the 2,920.00 price level.
Support is seen at 2,870.00 and 2,852.00 level. 

Additional key levels

SP 500

Overview
Today last price 2888.75
Today Daily Change 35.25
Today Daily Change % 1.24
Today daily open 2853.5
 
Trends
Daily SMA20 2905.02
Daily SMA50 2872.32
Daily SMA100 2788.29
Daily SMA200 2770.23
Levels
Previous Daily High 2859
Previous Daily Low 2814.25
Previous Weekly High 2937.75
Previous Weekly Low 2825
Previous Monthly High 2954.75
Previous Monthly Low 2850.25
Daily Fibonacci 38.2% 2841.91
Daily Fibonacci 61.8% 2831.34
Daily Pivot Point S1 2825.5
Daily Pivot Point S2 2797.5
Daily Pivot Point S3 2780.75
Daily Pivot Point R1 2870.25
Daily Pivot Point R2 2887
Daily Pivot Point R3 2915

 

 

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

Editors’ Picks

EUR/USD extends gains to 1.1200 on sliding US yields, weak data

EUR/USD is trading close to 1.1200, in the wake of the European session as US yields continue falling. The European Parliament elections are in play. US durable goods fell short of expectations with -2.1%. 

EUR/USD News

GBP/USD off the highs as May announces stepping down on June 7th

GBP/USD is trading below 1.2700 after a quick rise to the upside as UK PM Theresa May announced she will step down on June 7th with Boris Johnson set to take over.

GBP/USD News

USD/JPY extends slide and looks for a test of May’s low

The USD/JPY pair dropped further ahead of the London fix on the back of a decline of the US Dollar across the board and a pullback in equity prices. 

USD/JPY News

The market may surprise on the upside in the next few hours with BTC/USD topping $8,250

We reach the end of a week can be characterized as a week of transition. After the strongly bullish days of the beginning of the month, cryptos have reached critical levels of resistance...

Read more

Gold: Bullish flag pattern spotted on 1-hourly chart

The lower end of the descending trend-channel coincides with 200-hour EMA support and should act as a key pivotal point for intraday traders. 

Gold News

Editors' pick

EUR/USD extends gains to 1.1200 on sliding US yields, weak data

EUR/USD is trading close to 1.1200, in the wake of the European session as US yields continue falling. The European Parliament elections are in play. US durable goods fell short of expectations with -2.1%. 

EUR/USD News

GBP/USD off the highs as May announces stepping down on June 7th

GBP/USD is trading below 1.2700 after a quick rise to the upside as UK PM Theresa May announced she will step down on June 7th with Boris Johnson set to take over.

GBP/USD News

USD/JPY extends slide and looks for a test of May’s low

The USD/JPY pair dropped further ahead of the London fix on the back of a decline of the US Dollar across the board and a pullback in equity prices. 

USD/JPY News

The market may surprise on the upside in the next few hours with BTC/USD topping $8,250

We reach the end of a week can be characterized as a week of transition. After the strongly bullish days of the beginning of the month, cryptos have reached critical levels of resistance...

Read more

Gold: Bullish flag pattern spotted on 1-hourly chart

The lower end of the descending trend-channel coincides with 200-hour EMA support and should act as a key pivotal point for intraday traders. 

Gold News

eur/gbp

central banks

eur/usd

gbp/usd

usd/jpy

aud/usd

Signatures

bitcoin

ethereum

ripple


  •  
  •  
  •  
  •  
  •