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S&P500 Technical Analysis: US Stocks grinding up near 2-month’s highs

S&P500 daily chart

  • The S&P500 Index is having a strong bullish recovery after the deep pullback below the 200-day simple moving average (SMA).
  • The market has retaken the 50 and 100 SMA as the market is at 2-month’s high.

S&P500 4-hour chart

  • The S&P500 is trading above the 50, 100 and 200 SMAs suggesting a bullish momentum in the medium-term.  

S&P500 30-minute chart

  • The S&P500 is trading above its main SMAs suggesting bullish momentum.
  • Resistance can be seen near 2,730.00 and 2,750.00 levels.
  • To the downside, support can be expected at the 2,700.00 and 2,655.00 levels.

Additional key levels

SP 500

Overview:
       Today Last Price:  2724.75
       Today Daily change:  19 points
       Today Daily change %:  0.70%
       Today Daily Open:  2705.75
Trends:
       Daily SMA20:  2649.46
       Daily SMA50:  2609.03
       Daily SMA100:  2691.92
       Daily SMA200:  2750.81
Levels:
       Previous Daily High:  2705.75
       Previous Daily Low:  2705.75
       Previous Weekly High:  2717
       Previous Weekly Low:  2623.75
       Previous Monthly High:  2714
       Previous Monthly Low:  2441
       Daily Fibonacci 38.2%:  2705.75
       Daily Fibonacci 61.8%:  2705.75
       Daily Pivot Point S1:  2705.75
       Daily Pivot Point S2:  2705.75
       Daily Pivot Point S3:  2705.75
       Daily Pivot Point R1:  2705.75
       Daily Pivot Point R2:  2705.75
       Daily Pivot Point R3:  2705.75

 

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