S&P500 Technical Analysis: US stocks holding on to the 2,800.00 level

  • The S&P500 is trading in a bull trend above its 200-day simple moving average.
  • The S&P500 lost some ground on Thursday retracing slightly just above 2,800.00 figure. 
  • Bulls would need to hold the price above this level if they don’t want to see the bears take over the market back to 2,763.50 July 11 low.

S&P500 daily chart

Main trend:               Bullish
Resistance 1:           2,800.00 figure
Resistance 2:           2,834.25 October 10 low
Resistance 3:           2,853.00 August 9 low

Support 1:                2,766.00 November 2 high
Support 2:                2,718.75 April 17 high
Support 3:                2,700.00 figure
Support 4:                2,647.25 March 2 low
Support 5:                2,600.00 figure
Support 6:                2,530.75, 2018 low


Additional key levels at a glance:

SP 500

    Last Price: 2805
    Daily change: -1.3e+3 pips
    Daily change: -0.461%
    Daily Open: 2818
    Daily SMA20: 2738.92
    Daily SMA50: 2832.26
    Daily SMA100: 2830.39
    Daily SMA200: 2767.4
    Daily High: 2818.75
    Daily Low: 2758.5
    Weekly High: 2766
    Weekly Low: 2604.5
    Monthly High: 2939.5
    Monthly Low: 2604.5
    Daily Fibonacci 38.2%: 2795.73
    Daily Fibonacci 61.8%: 2781.52
    Daily Pivot Point S1: 2778.08
    Daily Pivot Point S2: 2738.17
    Daily Pivot Point S3: 2717.83
    Daily Pivot Point R1: 2838.33
    Daily Pivot Point R2: 2858.67
    Daily Pivot Point R3: 2898.58


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