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S&P500 Technical Analysis: US Stocks hit 2,645.25 on China tariffs report

S&P500 daily chart

  • The S&P500 is in a deep pullback below the 100 and 200-day  simple moving averages (SMAs).
  • The SP500 spiked about 24 points up as the Wall Street Journal reported that the US considers lifting China tariffs. However, the US Treasury soon denied the report’s claims.

S&P500 4-hour chart

  • Bulls have reclaimed the main SMAs as well as the 2,600.00 figure.

S&P500 30-minute chart

  • As bulls gather momentum, a break of the 2,650.00 level would open the doors to the 2,700.00 figure.
  • Support is seen at the 2,600.00 figure.

Additional key levels

SP 500

Overview:
       Today Last Price:  2635.75
       Today Daily change:  2100  pips
       Today Daily change %:  0.803%
       Today Daily Open:  2614.75
Trends:
       Daily SMA20:  2513.39
       Daily SMA50:  2621.99
       Daily SMA100:  2727.13
       Daily SMA200:  2751.98
Levels:
       Previous Daily High:  2626
       Previous Daily Low:  2602.5
       Previous Weekly High:  2598.75
       Previous Weekly Low:  2523.5
       Previous Monthly High:  2813.5
       Previous Monthly Low:  2340.25
       Daily Fibonacci 38.2%:  2617.02
       Daily Fibonacci 61.8%:  2611.48
       Daily Pivot Point S1:  2602.83
       Daily Pivot Point S2:  2590.92
       Daily Pivot Point S3:  2579.33
       Daily Pivot Point R1:  2626.33
       Daily Pivot Point R2:  2637.92
       Daily Pivot Point R3:  2649.83

 

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