S&P500 technical analysis: The consolidation goes on below the 2,900.00 mark

  • The S&P500 extends the consolidation theme for the third day.
  • The level to beat for bulls is 2,910.00.

S&P500 daily chart
The S&P500 Index is consolidating the recent gains below the 2,900.00 mark. The market is bullish above its main daily simple moving averages (DSMAs).

S&P500 4-hour chart

The American stock index is trading above the main SMAs suggesting bullish momentum in the medium term. Bulls need to break 2,910.00 to travel towards 2,940.00 and 2,960.00. Immediate support can be seen at 2,880.00 and 2,840.00.

Additional key levels

SP 500

Today last price 2893.75
Today Daily Change 12.25
Today Daily Change % 0.43
Today daily open 2881.5
Daily SMA20 2832.25
Daily SMA50 2874.12
Daily SMA100 2830.7
Daily SMA200 2763.51
Previous Daily High 2889.75
Previous Daily Low 2875.25
Previous Weekly High 2885.5
Previous Weekly Low 2729.25
Previous Monthly High 2959.75
Previous Monthly Low 2749.75
Daily Fibonacci 38.2% 2880.79
Daily Fibonacci 61.8% 2884.21
Daily Pivot Point S1 2874.58
Daily Pivot Point S2 2867.67
Daily Pivot Point S3 2860.08
Daily Pivot Point R1 2889.08
Daily Pivot Point R2 2896.67
Daily Pivot Point R3 2903.58



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 assets. 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 Open Markets 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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD: positive mood could prevent the collapse

The shared currency has remained under selling pressure on Friday, amid mounting speculation the ECB will announce a larger-than-anticipated stimulus package next September. EUR/USD capped by a Fibonacci resistance at 1.1110, yearly low at risk.


GBP/USD: economic disruption on a no-deal Brexit to weigh on Sterling

The GBP/USD pair has closed the week with gains, a handful of pips below the 1.2150 level. The Pound advanced for a third consecutive day, helped by some headlines indicating that Jeremy Corbyn, has been in talks with the Scottish National Party.


USD/JPY: short-term advance to be capped by long-term jitters

The USD/JPY has recovered some ground these last few days, to close the week at 106.35. Still, it posted a lower low and a lower high when compared to the previous week, as the Yen benefited from its safe-haven condition on mounting concerns about a US recession. 


Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more