S&P500 4-hour chart
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- The S&P500 is trading in a bear trend below the 200-period simple moving average on the 4-hour chart.
- The S&P500 is vulnerable to further downside move but bears will need to keep the market below the 2,700 level on a daily closing basis.
- On the flip side, bulls are trying to create a double bottom bull flag with the early November low. The market needs to stabilize some more above 2,700 in order to confirm a continuation up.
Additional key levels at a glance:
SP 500
Overview:
Last Price: 2716.25
Daily change: -1.3e+3 pips
Daily change: -0.458%
Daily Open: 2728.75
Trends:
Daily SMA20: 2734.01
Daily SMA50: 2820.5
Daily SMA100: 2832.06
Daily SMA200: 2767.94
Levels:
Daily High: 2756
Daily Low: 2715.25
Weekly High: 2818.75
Weekly Low: 2713.5
Monthly High: 2939.5
Monthly Low: 2604.5
Daily Fibonacci 38.2%: 2740.43
Daily Fibonacci 61.8%: 2730.82
Daily Pivot Point S1: 2710.67
Daily Pivot Point S2: 2692.58
Daily Pivot Point S3: 2669.92
Daily Pivot Point R1: 2751.42
Daily Pivot Point R2: 2774.08
Daily Pivot Point R3: 2792.17
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