S&P500 Index technical analysis: US stocks reach a new all-time high at 3,004

The S&P500 is retracing down after hitting 3,004.
Immediate supports are seen at 2,985 and 2,950.

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P500 is retreating slightly after establishing a new all-time high at 3,004 on an intraday basis. Bulls want to keep the raly going by targeting the 3,010 and 3,045 level.

S&P500 4-hour chart

The market is trading above its main simple moving averages (SMAs), suggesting bullish momentum in the near term. Support is at 2,985; 2,950 and 2,910 level.

Additional key levels

SP 500

Overview
Today last price	2992
Today Daily Change	13.00
Today Daily Change %	0.44
Today daily open	2979

Trends
Daily SMA20	2942.34
Daily SMA50	2885.96
Daily SMA100	2868.82
Daily SMA200	2769.92

Levels
Previous Daily High	2982.75
Previous Daily Low	2960.25
Previous Weekly High	3000.5
Previous Weekly Low	2952.25
Previous Monthly High	2965
Previous Monthly Low	2729.25
Daily Fibonacci 38.2%	2974.16
Daily Fibonacci 61.8%	2968.84
Daily Pivot Point S1	2965.25
Daily Pivot Point S2	2951.5
Daily Pivot Point S3	2942.75
Daily Pivot Point R1	2987.75
Daily Pivot Point R2	2996.5
Daily Pivot Point R3	3010.25

Author

Flavio Tosti

Independent Analyst

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