S&P500 technical analysis: Week-long consolidation sees 2,880.00 support holding


  • The S&P500 spent the week in consolidation mode just above 2,880.00 support
  • The level to beat for bulls is the 2,910.00 resistance. 

S&P500 daily chart
 
The S&P500 Index is consolidating the gains of the last weeks below the 2,900.00 handle. The market remains bullish above its 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. Bulls are looking for a break above 2,910.00 to reach 2,940.00 and 2,960.00. Immediate support can be located at 2,880.00 and 2,840.00.


Additional key levels

SP 500

Overview
Today last price 2891.25
Today Daily Change -3.00
Today Daily Change % -0.10
Today daily open 2894.25
 
Trends
Daily SMA20 2833.99
Daily SMA50 2874.09
Daily SMA100 2832.59
Daily SMA200 2763.35
Levels
Previous Daily High 2895.5
Previous Daily Low 2867.25
Previous Weekly High 2885.5
Previous Weekly Low 2729.25
Previous Monthly High 2959.75
Previous Monthly Low 2749.75
Daily Fibonacci 38.2% 2884.71
Daily Fibonacci 61.8% 2878.04
Daily Pivot Point S1 2875.83
Daily Pivot Point S2 2857.42
Daily Pivot Point S3 2847.58
Daily Pivot Point R1 2904.08
Daily Pivot Point R2 2913.92
Daily Pivot Point R3 2932.33

 

 

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