- US stocks are on the way down as the trade war intensify.
- The index broke below the 200-period simple moving average (SMA).
S&P500 daily chart
The S&P500 Index is trading in a correction down below the 200-period simple moving average (SMA).
S&P500 4-hour chart
The index is under selling pressure below its main SMAs. The S&P500 broke below the 2,760.00 level. The market is weak and 2,720.00 and the 2,700.00 handle can become bear targets. Resistance is at the 2,770.00 and 2,800.00 levels.
|Today last price||2752|
|Today Daily Change||-37.75|
|Today Daily Change %||-1.35|
|Today daily open||2789.75|
|Previous Daily High||2798.75|
|Previous Daily Low||2776.5|
|Previous Weekly High||2874.75|
|Previous Weekly Low||2805.25|
|Previous Monthly High||2954.75|
|Previous Monthly Low||2850.25|
|Daily Fibonacci 38.2%||2790.25|
|Daily Fibonacci 61.8%||2785|
|Daily Pivot Point S1||2777.92|
|Daily Pivot Point S2||2766.08|
|Daily Pivot Point S3||2755.67|
|Daily Pivot Point R1||2800.17|
|Daily Pivot Point R2||2810.58|
|Daily Pivot Point R3||2822.42|