S&P500 Technical Analysis: Triple top can see the bears drive the market down to the 2,650.00 level


S&P500 daily chart

  • The S&P500 is trading in a bear trend below its 200-day simple moving average (SMA) as technical indicators are turning bearish.
  • The market created a triple top with 2,820.00 blocking bullish advances.
  • As the path of least resistance is down, targets are now seen near the 2,685.00 and 2,650.00 level. 

Additional key levels

SP 500

Overview:
    Today Last Price: 2717.25
    Today Daily change: 1.6e+3 pips
    Today Daily change %: 0.574%
    Today Daily Open: 2701.75
Trends:
    Previous Daily SMA20: 2713.16
    Previous Daily SMA50: 2753.27
    Previous Daily SMA100: 2815.59
    Previous Daily SMA200: 2765.33
Levels:
    Previous Daily High: 2787
    Previous Daily Low: 2696.25
    Previous Weekly High: 2764
    Previous Weekly Low: 2629.8
    Previous Monthly High: 2818.75
    Previous Monthly Low: 2626
    Previous Daily Fibonacci 38.2%: 2730.92
    Previous Daily Fibonacci 61.8%: 2752.33
    Previous Daily Pivot Point S1: 2669.67
    Previous Daily Pivot Point S2: 2637.58
    Previous Daily Pivot Point S3: 2578.92
    Previous Daily Pivot Point R1: 2760.42
    Previous Daily Pivot Point R2: 2819.08
    Previous Daily Pivot Point R3: 2851.17

 

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