S&P500 technical analysis: And the consolidation keeps going near the 2,900.00 mark

  • The S&P500 is entering its second week of consolidation after the bull run seen in early June.
  • The level to beat for bulls is seen at 2,910.00 resistance.

S&P500 daily chart

The S&P500 Index is consolidating the gains of the last two weeks below the 2,900.00 handle. The market is seen as bullish above its main daily simple moving averages (DSMAs).

S&P500 4-hour chart

The American stock index is trading above its main SMAs suggesting bullish momentum in the medium term. The 50 SMA crossed above the 200 SMA which is a bullish sign. Buyers are looking for a potential break above 2,910.00 to reach 2,940.00 and 2,960.00 resistances. Immediate support can be located at 2,880.00 and 2,840.00.

Additional key levels

SP 500

Today last price 2892.25
Today Daily Change 0.75
Today Daily Change % 0.03
Today daily open 2891.5
Daily SMA20 2835.59
Daily SMA50 2874.35
Daily SMA100 2834.44
Daily SMA200 2763.18
Previous Daily High 2898
Previous Daily Low 2880
Previous Weekly High 2911.5
Previous Weekly Low 2867.25
Previous Monthly High 2959.75
Previous Monthly Low 2749.75
Daily Fibonacci 38.2% 2886.88
Daily Fibonacci 61.8% 2891.12
Daily Pivot Point S1 2881.67
Daily Pivot Point S2 2871.83
Daily Pivot Point S3 2863.67
Daily Pivot Point R1 2899.67
Daily Pivot Point R2 2907.83
Daily Pivot Point R3 2917.67



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD mute just above 1.1200, waiting for a signal

The EUR/USD pair is stable and confined to a tight intraday range, unable to run, despite upbeat EU inflation and disappointing US housing figures. Dismal market’s mood backing the greenback without boosting it.


GBP/USD bounced from fresh yearly lows at 1.2381

Sterling remains depressed amid Brexit jitters pushing investors away from the currency. UK data did not help as inflation met the market’s expectations in June.


USD/JPY consolidates in a range, comfortably above 108.00 handle

Reviving safe-haven demand underpins JPY and exerts some pressure. Renewed weakness in the US bond yields further weighed on the USD. The downside remains limited amid tempered Fed rate cut expectations.


Gold: Yellow metal gets intraday boost above the 1,400.00 figure

Gold is currently consolidating gains in a triangle above its main daily simple moving averages (DSMAs). The market is trading above the 1,400.00 mark and the main SMAs suggesting bullish momentum in the medium term.


Gold News

Forex Today: US dollar corrects, US-Japan eye a trade deal, and Bitcoin bounces

US dollar reverses a part of Tuesday’s US retail sales data-led rally. US-Japan are working towards a trade deal by September. Bitcoin recovers, but remains below the 10k mark.

Read more