- The S&P500 had its worse daily decline since February 2018.
- The S&P500 is currently testing the 200-day simple moving average (DSMA) at 2,766.79 on the daily chart.
- A break below the 200 DSMA should open the gates to more losses towards 2,718.75 April 17 high and 2,700.00 figure. However, if the 200 DSMA holds prices the market can have a rebound.
S&P500 daily chart
Spot rate: 2,768.00
Relative change: -4.00%
Main trend: Bullish
Short-term trend: Bearish
Resistance 1: 2,800.00 figure
Resistance 2: 2,834.25 current October 10 low
Resistance 3: 2,853.00 August 9 low
Resistance 4: 2,863.75 August 7 high
Resistance 5: 2,877.00 January swing high
Support 3: 2,763.50 July 11 low
Support 3: 2,718.75 April 17 high
Support 3: 2,700.00 figure
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 securities. 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 Forex 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.