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S&P500 Technical Analysis: US Stocks in bad shape en route to the 2,620.00 level

S&P500 daily chart

  • The S&P500 is trading in a bear trend below the 200-day simple moving average (SMA).
  • Supports are seen near the 2,620.00 and 2,560.00 level.
  • Technical indicators are in bearish territories suggesting further weakness ahead.

S&P500 4-hour chart

  • The S&P500 is trading below its main SMAs.

S&P500 30-minute chart

  • Bears are currently challenging Tuesday’s low.  
  • Technical indicators are bearish.  

Additional key levels:

SP 500

Overview:
       Last Price:  2632
       Daily change:  -1.7e+3  pips
       Daily change:  -0.623%
       Daily Open:  2648.5
Trends:
       Daily SMA20:  2726.51
       Daily SMA50:  2791.84
       Daily SMA100:  2825.71
       Daily SMA200:  2767.14
Levels:
       Daily High:  2670.5
       Daily Low:  2644.25
       Weekly High:  2791.75
       Weekly Low:  2670.75
       Monthly High:  2939.5
       Monthly Low:  2604.5
       Daily Fibonacci 38.2%:  2660.47
       Daily Fibonacci 61.8%:  2654.28
       Daily Pivot Point S1:  2638.33
       Daily Pivot Point S2:  2628.17
       Daily Pivot Point S3:  2612.08
       Daily Pivot Point R1:  2664.58
       Daily Pivot Point R2:  2680.67
       Daily Pivot Point R3:  2690.83

 

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