- The S&P500 is pulling back down after hitting a new all-time time.
- The market can continue to drop towards 2,880.00 and 2,960.00 support.
S&P500 daily chart
Last week, the S&P500 found resistance below 2,965.00 new all-time high. The market is retracing and trading at 5-day lows.
S&P500 4-hour chart
The stock index is trading below its 50 SMA suggesting a correction down. The S&P500 is about to test the 2,910.00 support. If broken to the downside, the bears can reach 2,880.00 and 2,840.00 on the way down. Resistance is at the 2,940.00 and 2,960.00 levels.
|Today last price||2912.25|
|Today Daily Change||-7.25|
|Today Daily Change %||-0.25|
|Today daily open||2919.5|
|Previous Daily High||2954.5|
|Previous Daily Low||2917|
|Previous Weekly High||2965|
|Previous Weekly Low||2885|
|Previous Monthly High||2959.75|
|Previous Monthly Low||2749.75|
|Daily Fibonacci 38.2%||2931.32|
|Daily Fibonacci 61.8%||2940.18|
|Daily Pivot Point S1||2906.17|
|Daily Pivot Point S2||2892.83|
|Daily Pivot Point S3||2868.67|
|Daily Pivot Point R1||2943.67|
|Daily Pivot Point R2||2967.83|
|Daily Pivot Point R3||2981.17|
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