S&P500 Technical Analysis: Bulls not out of the woods as more losses to 2,729.50 are on the cards

  • The S&P500 is trading in a bull trend above its 200-day simple moving average.
  • The market found some resistance near the 2,800.00 figure and the 50 and 100 SMA. 
  • Failure for bulls to hold above 2,766.00 would likely see the market slip down to 2,729.50 (October 12 low). 

S&P500 daily chart

Main trend:               Bullish
 
Resistance 1:           2,800.00 figure
Resistance 2:           2,834.25 October 10 low
Resistance 3:           2,853.00 August 9 low

Support 1:                2,766.00 November 2 high
Support 2:                2,718.75 April 17 high
Support 3:                2,700.00 figure
Support 4:                2,729.50 October 12 low.
Support 5:                2,647.25 March 2 low
Support 6:                2,600.00 figure
Support 7:                2,530.75, 2018 low

 

Additional key levels at a glance:

SP 500

Overview:
    Last Price: 2778.25
    Daily change: -2.7e+3 pips
    Daily change: -0.954%
    Daily Open: 2805
Trends:
    Daily SMA20: 2740.7
    Daily SMA50: 2830.57
    Daily SMA100: 2831.19
    Daily SMA200: 2767.85
Levels:
    Daily High: 2817.75
    Daily Low: 2795
    Weekly High: 2766
    Weekly Low: 2604.5
    Monthly High: 2939.5
    Monthly Low: 2604.5
    Daily Fibonacci 38.2%: 2803.69
    Daily Fibonacci 61.8%: 2809.06
    Daily Pivot Point S1: 2794.08
    Daily Pivot Point S2: 2783.17
    Daily Pivot Point S3: 2771.33
    Daily Pivot Point R1: 2816.83
    Daily Pivot Point R2: 2828.67
    Daily Pivot Point R3: 2839.58

 

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