S&P500 Technical Analysis: Bulls hanging above the 2,620.00 level

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P500 Index is having a deep pullback below the 100 and 200-day simple moving averages (SMAs).
Bulls have momentarily retaken the 50 SMA.

S&P500 4-hour chart

The S&P500 is evolving the main SMAs suggesting bullish momentum in the medium-term.

S&P500 30-minute chart

The S&P500 broke below the 2,650.00 level and the 200 SMA suggesting bearish momentum in the near-term.
A decline below the 2,620.00 support can lead to the 2,600.00 figure to the downside.
The 2,650.00 level is resistance.

Additional key levels

SP 500

Overview:
    Today Last Price: 2638.5
    Today Daily change: 5.75 points
    Today Daily change %: 0.22%
    Today Daily Open: 2632.75
Trends:
    Daily SMA20: 2563.76
    Daily SMA50: 2611.31
    Daily SMA100: 2715.91
    Daily SMA200: 2752.02
Levels:
    Previous Daily High: 2660.5
    Previous Daily Low: 2617.5
    Previous Weekly High: 2677.25
    Previous Weekly Low: 2567.25
    Previous Monthly High: 2813.5
    Previous Monthly Low: 2340.25
    Daily Fibonacci 38.2%: 2633.93
    Daily Fibonacci 61.8%: 2644.07
    Daily Pivot Point S1: 2613.33
    Daily Pivot Point S2: 2593.92
    Daily Pivot Point S3: 2570.33
    Daily Pivot Point R1: 2656.33
    Daily Pivot Point R2: 2679.92
    Daily Pivot Point R3: 2699.33

Author

Flavio Tosti

Independent Analyst

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