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S&P500 Technical Analysis: US Stocks close the week on the low tick challenging the October low

S&P500 daily chart  

  • The S&P500 is trading in a bear trend below the 200-day simple moving average (SMA) as the index is challenging the October low.
  • Technical indicators are in bearish territories suggesting further weakness ahead.
  • Supports are seen near the 2,620.00 and 2,560.00 level. Resistance can be located near the 2,656.00 and 2,700.00 level.

Additional key levels

SP 500

Overview:
       Last Price:  2628.8
       Daily change:  -4.0e+2  pips
       Daily change:  -0.154%
       Daily Open:  2632.85
Trends:
       Daily SMA20:  2726.16
       Daily SMA50:  2785.99
       Daily SMA100:  2823.93
       Daily SMA200:  2766.38
Levels:
       Daily High:  2656
       Daily Low:  2629
       Weekly High:  2791.75
       Weekly Low:  2670.75
       Monthly High:  2939.5
       Monthly Low:  2604.5
       Daily Fibonacci 38.2%:  2639.31
       Daily Fibonacci 61.8%:  2645.69
       Daily Pivot Point S1:  2622.57
       Daily Pivot Point S2:  2612.28
       Daily Pivot Point S3:  2595.57
       Daily Pivot Point R1:  2649.57
       Daily Pivot Point R2:  2666.28
       Daily Pivot Point R3:  2676.57

 

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