S&P500 technical analysis: 2,800.00 can be the last bastion of defense before a bigger dive


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.


S&P500 30-minute chart


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. 


Additional key levels

SP 500

Overview
Today last price 2831
Today Daily Change 10.75
Today Daily Change % 0.38
Today daily open 2820.25
 
Trends
Daily SMA20 2880.49
Daily SMA50 2878.01
Daily SMA100 2807.32
Daily SMA200 2768.64
Levels
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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