S&P500 Technical Analysis: Bulls knocking at the 2,600.00 resistance


S&P500 daily chart

  • The S&P500 is having a deep pullback down below the 200-period simple moving average (SMA).

S&P500 4-hour chart

  • Bulls reclaimed the 50 and 100 SMAs and are now about to overcome the 200 SMA.

S&P500 30-minute chart

  • The market is trading above its main SMAs suggesting bullish momentum. 
  • A break of the 2,600.00 resistance would lead to a run to the 2,650.00 level. 
  • Support is seen at the 2,560.00 level.

Additional key levels

SP 500

Overview:
    Today Last Price: 2591
    Today Daily change: -3.3e+2 pips
    Today Daily change %: -0.125%
    Today Daily Open: 2594.25
Trends:
    Previous Daily SMA20: 2515.84
    Previous Daily SMA50: 2634.87
    Previous Daily SMA100: 2739.26
    Previous Daily SMA200: 2753.15
Levels:
    Previous Daily High: 2598.75
    Previous Daily Low: 2560.25
    Previous Weekly High: 2539
    Previous Weekly Low: 2441
    Previous Monthly High: 2813.5
    Previous Monthly Low: 2340.25
    Previous Daily Fibonacci 38.2%: 2584.04
    Previous Daily Fibonacci 61.8%: 2574.96
    Previous Daily Pivot Point S1: 2570.08
    Previous Daily Pivot Point S2: 2545.92
    Previous Daily Pivot Point S3: 2531.58
    Previous Daily Pivot Point R1: 2608.58
    Previous Daily Pivot Point R2: 2622.92
    Previous Daily Pivot Point R3: 2647.08

 

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