S&P500 Technical Analysis: 2,734.00 target gets hit as Wall Street bears strike back


S&P500 daily chart

  • The S&P500 is trading in a bear trend below its 200-day simple moving average (SMA). As forecast, the 2,734.00 target has been achieved.
  • Bears have taken the market by surprise and downside targets are now seen near the 2,685.00 and 2,655.00 level. 
  • The market is trading below its main SMAs as indicators are turning bearish.

Additional key levels

SP 500

Overview:
    Today Last Price: 2701.75
    Today Daily change: -8.8e+3 pips
    Today Daily change %: -3.15%
    Today Daily Open: 2789.5
Trends:
    Previous Daily SMA20: 2718.32
    Previous Daily SMA50: 2757.71
    Previous Daily SMA100: 2816.75
    Previous Daily SMA200: 2765.4
Levels:
    Previous Daily High: 2813.5
    Previous Daily Low: 2773.5
    Previous Weekly High: 2764
    Previous Weekly Low: 2629.8
    Previous Monthly High: 2818.75
    Previous Monthly Low: 2626
    Previous Daily Fibonacci 38.2%: 2788.78
    Previous Daily Fibonacci 61.8%: 2798.22
    Previous Daily Pivot Point S1: 2770.83
    Previous Daily Pivot Point S2: 2752.17
    Previous Daily Pivot Point S3: 2730.83
    Previous Daily Pivot Point R1: 2810.83
    Previous Daily Pivot Point R2: 2832.17
    Previous Daily Pivot Point R3: 2850.83

 

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