- 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
|Today last price||2892.25|
|Today Daily Change||0.75|
|Today Daily Change %||0.03|
|Today daily open||2891.5|
|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|
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