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S&P500 technical analysis: US Stocks having a sharp rebound on Tuesday - Can 2,890.00 be next for bulls ?

S&P500 daily chart
 
The S&P500 Index is trading in a bull trend above its 200-period simple moving averages (SMA). The market found some support above the 2,800.00 figure this Tuesday.

S&P500 4-hour chart


The market is trading below its main SMAs suggesting bearish pressure in the medium term.


S&P500 30-minute chart

The Index pushed higher throughout the day and is about to close above the 50 and 100 SMA. Bulls seem to be back and they will need to trade beyond 2,853.00 resistance to reach 2,890.00 and 2,940.00 to the upside. Support is at the 2,820.00 and 2,800.00 price level.  

Additional key levels

SP 500

Overview
Today last price2838.75
Today Daily Change31.00
Today Daily Change %1.10
Today daily open2807.75
 
Trends
Daily SMA202910.61
Daily SMA502868.4
Daily SMA1002781.17
Daily SMA2002770.43
Levels
Previous Daily High2860
Previous Daily Low2801.75
Previous Weekly High2937.75
Previous Weekly Low2825
Previous Monthly High2954.75
Previous Monthly Low2850.25
Daily Fibonacci 38.2%2824
Daily Fibonacci 61.8%2837.75
Daily Pivot Point S12786.33
Daily Pivot Point S22764.92
Daily Pivot Point S32728.08
Daily Pivot Point R12844.58
Daily Pivot Point R22881.42
Daily Pivot Point R32902.83

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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