S&P500 tecchnical analysis: US stocks ends Tuesday in the red below 3,010.00 resistance

The S&P500 Index is retreating below the 3,010.00 resistance.
Supports can be seen near the 2,985.00 and 2,965.00 levels.

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P500 is trading in a bull trend above its main SMAs. The market is retrearting below the 3,010.00 level.

S&P500 4-hour chart

The market is correcting down. If bears get enough strength they could dricve the market to the 2,985.00 level. If that level fails to hold prices, further down lies the 2,965.00 level.

Additional key levels

SP 500

Overview
Today last price	3003.5
Today Daily Change	-11.00
Today Daily Change %	-0.36
Today daily open	3014.5

Trends
Daily SMA20	2965.21
Daily SMA50	2893
Daily SMA100	2877.21
Daily SMA200	2774.17

Levels
Previous Daily High	3020.5
Previous Daily Low	3007.25
Previous Weekly High	3014.25
Previous Weekly Low	2960.25
Previous Monthly High	2965
Previous Monthly Low	2729.25
Daily Fibonacci 38.2%	3015.44
Daily Fibonacci 61.8%	3012.31
Daily Pivot Point S1	3007.67
Daily Pivot Point S2	3000.83
Daily Pivot Point S3	2994.42
Daily Pivot Point R1	3020.92
Daily Pivot Point R2	3027.33
Daily Pivot Point R3	3034.17

Author

Flavio Tosti

Independent Analyst

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