S&P500 Technical Analysis: Bears erase daily gains

S&P500 daily chart

  • The S&P500 index is trading in a bull trend above its main simple moving averages (SMAs).
  • The index is approaching a key level at 2,940.00.


S&P500 4-hour chart

  • The S&P500 is trading above its main SMAs suggesting bullish momentum the medium-term.

S&P500 60-minute chart

  • The S&P500 is trading above its main SMAs as the bull trend is intact for the time being.
  • Bears erased the daily gains driving the market down to the 2910.00 support and the 50 SMA. 
  • Looking down, investors can expect support at 2,900.00; 2,890.00 and 2,880.00 level.


Additional key levels

SP 500

Overview
Today last price 2909.25
Today Daily Change 2.25
Today Daily Change % 0.08
Today daily open 2907
 
Trends
Daily SMA20 2855.2
Daily SMA50 2808.66
Daily SMA100 2708.43
Daily SMA200 2762.84
Levels
Previous Daily High 2911
Previous Daily Low 2897.25
Previous Weekly High 2910.75
Previous Weekly Low 2874.25
Previous Monthly High 2861
Previous Monthly Low 2722.5
Daily Fibonacci 38.2% 2902.5
Daily Fibonacci 61.8% 2905.75
Daily Pivot Point S1 2899.17
Daily Pivot Point S2 2891.33
Daily Pivot Point S3 2885.42
Daily Pivot Point R1 2912.92
Daily Pivot Point R2 2918.83
Daily Pivot Point R3 2926.67

 

 

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