Home S&P500 Technical Analysis: US Stocks trading at daily highs ahead of Fed’s Powell speech
FXStreet News

S&P500 Technical Analysis: US Stocks trading at daily highs ahead of Fed’s Powell speech

S&P500 Daily chart

  • The S&P500 is having a deep pullback below the 200-period simple moving average (SMA).
  • Fed’s Powell speech today at 17.45 GMT can lead to high volatility.

S&P500 4-hour chart

  • Bulls reclaimed the 50 and 100 SMAs but need to overcome the 200 SMA for further advances.

S&P500 30-minute chart

  • The S&P500 is trading above its main SMAs suggesting bullish momentum.  
  • A break of the 2,600.00 resistance can lead to a run to the 2,650.00 level.  

Additional key levels

SP 500

Overview:
       Today Last Price:  2587.25
       Today Daily change:  6.3e+2  pips
       Today Daily change %:  0.242%
       Today Daily Open:  2581
Trends:
       Previous Daily SMA20:  2517.7
       Previous Daily SMA50:  2637.53
       Previous Daily SMA100:  2742.47
       Previous Daily SMA200:  2753.54
Levels:
       Previous Daily High:  2595.5
       Previous Daily Low:  2568.5
       Previous Weekly High:  2539
       Previous Weekly Low:  2441
       Previous Monthly High:  2813.5
       Previous Monthly Low:  2340.25
       Previous Daily Fibonacci 38.2%:  2585.19
       Previous Daily Fibonacci 61.8%:  2578.81
       Previous Daily Pivot Point S1:  2567.83
       Previous Daily Pivot Point S2:  2554.67
       Previous Daily Pivot Point S3:  2540.83
       Previous Daily Pivot Point R1:  2594.83
       Previous Daily Pivot Point R2:  2608.67
       Previous Daily Pivot Point R3:  2621.83

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.