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

Flavio Tosti Independent Analyst

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 price	2838.75
Today Daily Change	31.00
Today Daily Change %	1.10
Today daily open	2807.75

Trends
Daily SMA20	2910.61
Daily SMA50	2868.4
Daily SMA100	2781.17
Daily SMA200	2770.43

Levels
Previous Daily High	2860
Previous Daily Low	2801.75
Previous Weekly High	2937.75
Previous Weekly Low	2825
Previous Monthly High	2954.75
Previous Monthly Low	2850.25
Daily Fibonacci 38.2%	2824
Daily Fibonacci 61.8%	2837.75
Daily Pivot Point S1	2786.33
Daily Pivot Point S2	2764.92
Daily Pivot Point S3	2728.08
Daily Pivot Point R1	2844.58
Daily Pivot Point R2	2881.42
Daily Pivot Point R3	2902.83

Author

Flavio Tosti

Independent Analyst

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