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

Overview
Today last price 2892.25
Today Daily Change 0.75
Today Daily Change % 0.03
Today daily open 2891.5
 
Trends
Daily SMA20 2835.59
Daily SMA50 2874.35
Daily SMA100 2834.44
Daily SMA200 2763.18
Levels
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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