S&P500 technical analysis: US stocks consolidate gains above 2,845.00 support


S&P500 daily chart
 
The S&P500 Index is trading in a bull trend above its 100 and 200-period simple moving averages (SMAs).

S&P500 4-hour chart


The market is consolidating above 2,830.00 swing low the 50 SMA.


S&P500 30-minute chart


Bulls need to break above 2,870.00 resistance. If the market can break above it then 2,880.00 and 2,890.00 can be back on the cards. Support is at 2,845.00 and 2,835.00 level. 

Additional key levels

SP 500

Overview
Today last price 2861
Today Daily Change -2.50
Today Daily Change % -0.09
Today daily open 2863.5
 
Trends
Daily SMA20 2890.4
Daily SMA50 2877.84
Daily SMA100 2802.43
Daily SMA200 2769.33
Levels
Previous Daily High 2869.25
Previous Daily Low 2845.75
Previous Weekly High 2892.25
Previous Weekly Low 2801.75
Previous Monthly High 2954.75
Previous Monthly Low 2850.25
Daily Fibonacci 38.2% 2860.27
Daily Fibonacci 61.8% 2854.73
Daily Pivot Point S1 2849.75
Daily Pivot Point S2 2836
Daily Pivot Point S3 2826.25
Daily Pivot Point R1 2873.25
Daily Pivot Point R2 2883
Daily Pivot Point R3 2896.75

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

USD/JPY jumps above 156.00 on BoJ's steady policy

USD/JPY jumps above 156.00 on BoJ's steady policy

USD/JPY has come under intense buying pressure, surging past 156.00 after the Bank of Japan kept the key rate unchanged but tweaked its policy statement. The BoJ maintained its fiscal year 2024 and 2025 inflation forecast, disappointing the Japanese Yen buyers. 

USD/JPY News

AUD/USD consolidates gains above 0.6500 after Australian PPI data

AUD/USD consolidates gains above 0.6500 after Australian PPI data

AUD/USD is consolidating gains above 0.6500 in Asian trading on Friday. The pair capitalizes on an annual increase in Australian PPI data. Meanwhile, a softer US Dollar and improving market mood also underpin the Aussie ahead of the US PCE inflation data. 

AUD/USD News

Gold price keeps its range around $2,330, awaits US PCE data

Gold price keeps its range around $2,330, awaits US PCE data

Gold price is consolidating Thursday's rebound early Friday. Gold price jumped after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could lower borrowing costs. Focus shifts to US PCE inflation on Friday. 

Gold News

Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high

Stripe looks to bring back crypto payments as stablecoin market cap hits all-time high

Stripe announced on Thursday that it would add support for USDC stablecoin, as the stablecoin market exploded in March, according to reports by Cryptocompare.

Read more

US economy: Slower growth with stronger inflation

US economy: Slower growth with stronger inflation

The US Dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.

Read more

Forex MAJORS

Cryptocurrencies

Signatures