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S&P500 Technical Analysis: US Stocks on a bull run break above 2,730.00 level

S&P500 daily chart

  • The S&P500 Index is having a strong bullish recovery after the deep pullback below the 200-day simple moving average (SMA).

S&P500 4-hour chart

  • The S&P500 is trading above the 50, 100 and 200 SMAs suggesting a bullish bias in the medium-term.  

S&P500 30-minute chart

  • The S&P500 is trading above its main SMAs suggesting bullish momentum.
  • The market is breaking above the 2,730.00 resistance. The next objective will likely be 2,750.00 and 2,800.00 levels to the upside.
  • To the downside, support can be expected at the 2,700.00 and 2,655.00 levels.

Additional key levels

SP 500

Overview:
       Today Last Price:  2734
       Today Daily change:  11.25 points
       Today Daily change %:  0.41%
       Today Daily Open:  2722.75
Trends:
       Daily SMA20:  2655.89
       Daily SMA50:  2609.8
       Daily SMA100:  2689.94
       Daily SMA200:  2750.83
Levels:
       Previous Daily High:  2726.25
       Previous Daily Low:  2698.75
       Previous Weekly High:  2717
       Previous Weekly Low:  2623.75
       Previous Monthly High:  2714
       Previous Monthly Low:  2441
       Daily Fibonacci 38.2%:  2715.74
       Daily Fibonacci 61.8%:  2709.26
       Daily Pivot Point S1:  2705.58
       Daily Pivot Point S2:  2688.42
       Daily Pivot Point S3:  2678.08
       Daily Pivot Point R1:  2733.08
       Daily Pivot Point R2:  2743.42
       Daily Pivot Point R3:  2760.58

 

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