S&P500 technical analysis: US stocks finally break above the 2,910.00 resistance

The S&P500 broke above the 2,910.00 resistance after two weeks of consolidations.
The level to beat for bulls is seen at 2,940.00 resistance.

Flavio Tosti Independent Analyst

S&P500 daily chart

The S&P500 finally broke above the 2,910.00 resistance. The market is bullish above the main daily simple moving averages (DSMAs).

S&P500 4-hour chart

The stock index is trading above its main SMAs suggesting bullish momentum in the medium term. The 50 SMA crossed above the 200 SMA confirming the bullish action. Buyers intend to reach 2,940.00 and 2,960.00 resistances. Immediate support can be located at 2,910.00 and 2,880.00.

Additional key levels

SP 500

Overview
Today last price	2921.5
Today Daily Change	27.75
Today Daily Change %	0.96
Today daily open	2893.75

Trends
Daily SMA20	2837.94
Daily SMA50	2874.39
Daily SMA100	2836.16
Daily SMA200	2763.05

Levels
Previous Daily High	2900
Previous Daily Low	2888
Previous Weekly High	2911.5
Previous Weekly Low	2867.25
Previous Monthly High	2959.75
Previous Monthly Low	2749.75
Daily Fibonacci 38.2%	2895.42
Daily Fibonacci 61.8%	2892.58
Daily Pivot Point S1	2887.83
Daily Pivot Point S2	2881.92
Daily Pivot Point S3	2875.83
Daily Pivot Point R1	2899.83
Daily Pivot Point R2	2905.92
Daily Pivot Point R3	2911.83

Author

Flavio Tosti

Independent Analyst

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