- The S&P500 has almost erased the last three months of trading in about two weeks.
- The S&P500 continued the sell-off started on Wednesday although some buying interest was there above 2,700.00 figure. The RSI, MACD and Stochastic indicators are in negative territories suggesting further weakness.
- There is no sign of a bottom and the bear momentum remains for the moment intact with supports seen near 2,718.75 (April 17 high) and 2,710.00 (October 11 low).
S&P500 daily chart
Spot rate: 2,744.50
Relative change: -0.74%
Main trend: Bullish
Short-term trend: Bearish
Resistance 1: 2,763.50 July 11 low
Resistance 2: 2,800.00 figure
Resistance 3: 2,834.25 current October 10 low
Resistance 4: 2,853.00 August 9 low
Resistance 5: 2,863.75 August 7 high
Resistance 6: 2,877.00 January swing high
Support 1: 2,718.75 April 17 high
Support 2: 2,710.00 October 11 low
Support 3: 2,700.00 figure
Support 4: 2647.25 March 2 low
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.