S&P500 Price News: Index drops to five-day lows, challenges 3350 level

The S&P500 is down sharply on an intraday basis.
Sellers are pressuring the 3350 support level.

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P500 Index is trading in a bull trend above its main simple moving averages (SMAs) on the daily chart. The market is dropping to five-day lows while challenging the 3350 support. In the event, the market drops below the above-mentioned level the index is likely to weaken further towards the 3300 level. On the flip side, bulls would need to recapture the 3400 level.

Additional key levels

SP 500

Overview
Today last price	3357.5
Today Daily Change	-30.75
Today Daily Change %	-0.91
Today daily open	3388.25

Trends
Daily SMA20	3325.36
Daily SMA50	3276.92
Daily SMA100	3165.33
Daily SMA200	3046.32

Levels
Previous Daily High	3393.75
Previous Daily Low	3373.5
Previous Weekly High	3388.75
Previous Weekly Low	3316.25
Previous Monthly High	3338.5
Previous Monthly Low	3190.5
Daily Fibonacci 38.2%	3386.01
Daily Fibonacci 61.8%	3381.24
Daily Pivot Point S1	3376.58
Daily Pivot Point S2	3364.92
Daily Pivot Point S3	3356.33
Daily Pivot Point R1	3396.83
Daily Pivot Point R2	3405.42
Daily Pivot Point R3	3417.08

Author

Flavio Tosti

Independent Analyst

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