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.

Flavio Tosti Independent Analyst

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

Overview
Today last price	2893.75
Today Daily Change	12.25
Today Daily Change %	0.43
Today daily open	2881.5

Trends
Daily SMA20	2832.25
Daily SMA50	2874.12
Daily SMA100	2830.7
Daily SMA200	2763.51

Levels
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

Author

Flavio Tosti

Independent Analyst

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