S&P500 technical analysis: US stocks correcting down below the 2,985.00 level

  • The S&P500 broke below the 2,985.00 support
  • The correction can continue towards 2,965 and the 2,950 level.

S&P500 daily chart

The S&P 500 Index is trading in a bull trend above its main daily simple moving averages (DSMAs). The market. Bulls objective is to keep the trend intact and break above the 3,010.00 level and potentially reach 3,045.00 on the way up.

sp500 daily chart
S&P500 4-hour chart

Bears broke below the 2,985.00 support and the 100 SMA. The correction down can extend towards 2,965.00 and 2,950.00.

sp500 4-hour chart
Additional key levels

SP 500

Today last price 2977
Today Daily Change -24.00
Today Daily Change % -0.80
Today daily open 3001
Daily SMA20 2974.18
Daily SMA50 2899.79
Daily SMA100 2883.52
Daily SMA200 2777.75
Previous Daily High 3003
Previous Daily Low 2971.75
Previous Weekly High 3014.25
Previous Weekly Low 2960.25
Previous Monthly High 2965
Previous Monthly Low 2729.25
Daily Fibonacci 38.2% 2991.06
Daily Fibonacci 61.8% 2983.69
Daily Pivot Point S1 2980.83
Daily Pivot Point S2 2960.67
Daily Pivot Point S3 2949.58
Daily Pivot Point R1 3012.08
Daily Pivot Point R2 3023.17
Daily Pivot Point R3 3043.33



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