- 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|
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.