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S&P500 Technical Analysis: Bulls wake up as the battle for 2,500.00 keeps going

S&P500 daily chart

  • The S&P500 is having a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs).  

S&P500 4-hour chart

  • The S&P500 broke above the 2,500.00 psychological level and the 50 SMA.

S&P500 30-minute chart

  • The S&P500 broke above the 50, 100 and 200 SMAs as the bulls are taking control.
  • If sellers keep the momentum going then 2,530.00 and 2,570.00 are seen as potential bull targets in the coming sessions.

Additional key levels  

SP 500

Overview:
       Today Last Price:  2509.5
       Today Daily change:  5.8e+3  pips
       Today Daily change %:  2.38%
       Today Daily Open:  2451.25
Trends:
       Previous Daily SMA20:  2540.32
       Previous Daily SMA50:  2646.92
       Previous Daily SMA100:  2755.64
       Previous Daily SMA200:  2756.28
Levels:
       Previous Daily High:  2493
       Previous Daily Low:  2443.25
       Previous Weekly High:  2521.75
       Previous Weekly Low:  2340.25
       Previous Monthly High:  2813.5
       Previous Monthly Low:  2340.25
       Previous Daily Fibonacci 38.2%:  2462.25
       Previous Daily Fibonacci 61.8%:  2474
       Previous Daily Pivot Point S1:  2432
       Previous Daily Pivot Point S2:  2412.75
       Previous Daily Pivot Point S3:  2382.25
       Previous Daily Pivot Point R1:  2481.75
       Previous Daily Pivot Point R2:  2512.25
       Previous Daily Pivot Point R3:  2531.5

 

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