S&P500 Technical Analysis: Bears erase daily gains

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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