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S&P500 Technical Analysis: US Stocks decline below the 2,650.00 level

S&P500 daily chart

  • The S&P500 Index is trading in a deep pullback below the  100 and 200-day simple moving averages (SMAs).

S&P500 4-hour chart

  • The S&P500 is above the main SMAs suggesting bullish momentum in the near-term.

S&P500 30-minute chart

  • The market broke below the 2,650.00 support and the 200 SMA suggesting bearish momentum in the near-term.
  • If the market can continue its decline below the 2,620.00 support then bears can target the 2,600.00 figure to the downside.
  • The 2,650.00 level  is seen as resistance.

Additional key levels

SP 500

Overview:
       Today Last Price:  2631.5
       Today Daily change:  -31.75  pips
       Today Daily change %:  -1.19%
       Today Daily Open:  2663.25
Trends:
       Daily SMA20:  2549.22
       Daily SMA50:  2613.23
       Daily SMA100:  2718.48
       Daily SMA200:  2752
Levels:
       Previous Daily High:  2667.25
       Previous Daily Low:  2656.25
       Previous Weekly High:  2677.25
       Previous Weekly Low:  2567.25
       Previous Monthly High:  2813.5
       Previous Monthly Low:  2340.25
       Daily Fibonacci 38.2%:  2663.05
       Daily Fibonacci 61.8%:  2660.45
       Daily Pivot Point S1:  2657.25
       Daily Pivot Point S2:  2651.25
       Daily Pivot Point S3:  2646.25
       Daily Pivot Point R1:  2668.25
       Daily Pivot Point R2:  2673.25
       Daily Pivot Point R3:  2679.25

 

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