S&P500 technical analysis: Index testing a key resistance at the 2,930.00 level

The S&P500 is challenging a critical resistance at the 2,930.00 level.
On the way up bulls can set their eyes on the 2,970.00 and 3,020.00 resistances.

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P 500 Index is trading above the 2,900.00 handle and the 50/100 day simple moving averages (DSMAs) as the market is up for the third consecutive day.

S&P500 4-hour chart

The market is challenging the 2,930.00 resistance and the 100 SMA. Bulls need to clear this level to drive to index towards 2,970.00 and 3,020.00 resistances. Immediate support is at 2,910.00; 2,890.00 and the 2,870.00 levels.

Additional key levels

SP 500

Overview
Today last price	2924.25
Today Daily Change	33.25
Today Daily Change %	1.15
Today daily open	2891

Trends
Daily SMA20	2938.16
Daily SMA50	2946.86
Daily SMA100	2910.53
Daily SMA200	2800.08

Levels
Previous Daily High	2894
Previous Daily Low	2852.5
Previous Weekly High	2944.25
Previous Weekly Low	2817.5
Previous Monthly High	3028.5
Previous Monthly Low	2952.25
Daily Fibonacci 38.2%	2878.15
Daily Fibonacci 61.8%	2868.35
Daily Pivot Point S1	2864.33
Daily Pivot Point S2	2837.67
Daily Pivot Point S3	2822.83
Daily Pivot Point R1	2905.83
Daily Pivot Point R2	2920.67
Daily Pivot Point R3	2947.33

Author

Flavio Tosti

Independent Analyst

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