S&P500 daily chart
The S&P500 Index is in a bull trend above its 100 and 200-period simple moving averages (SMAs). However the bears are close to threatening an important support at 2,800.00. A break below this level can send the index towards the 2,700.00 figure.
S&P500 4-hour chart
The market is trading below its main SMAs as the index keeps the bearish pressure near 2,800.00 level.
The S&P500 is trading below its 100 and 200 SMAs suggesting bearish momentum in the near term. If bears break 2,800.00 then 2,760.0; 2,720.00 and 2700.00 can enter into play. However, if bulls can bring the market back above 2,840.00 resistance we could see another attempt at 2,870.00 to the upside.
|Today last price||2831|
|Today Daily Change||10.75|
|Today Daily Change %||0.38|
|Today daily open||2820.25|
|Previous Daily High||2852.75|
|Previous Daily Low||2805.25|
|Previous Weekly High||2892.25|
|Previous Weekly Low||2801.75|
|Previous Monthly High||2954.75|
|Previous Monthly Low||2850.25|
|Daily Fibonacci 38.2%||2823.4|
|Daily Fibonacci 61.8%||2834.6|
|Daily Pivot Point S1||2799.42|
|Daily Pivot Point S2||2778.58|
|Daily Pivot Point S3||2751.92|
|Daily Pivot Point R1||2846.92|
|Daily Pivot Point R2||2873.58|
|Daily Pivot Point R3||2894.42|
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