Home S&P500 Index Technical Analysis: US Stocks stabilizing near the 2,730.00 level
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S&P500 Index Technical Analysis: US Stocks stabilizing near the 2,730.00 level

S&P500 daily chart

  • The S&P500 Index is having a strong bullish reversal after a 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 the main SMAs suggesting bullish momentum.
  • The market is attempting to break above the 2,730.00 resistance. The next objective for bulls should be 2,750.00 and 2,800.00 levels to the upside.
  • To the downside, support can be seen near the 2,700.00 and 2,655.00 level.

Additional key levels

SP 500

Overview:
       Today Last Price:  2734.5

       Today Daily change %:  0.05%
       Today Daily Open:  2733
Trends:
       Daily SMA20:  2662.79
       Daily SMA50:  2609.62
       Daily SMA100:  2688.1
       Daily SMA200:  2750.93
Levels:
       Previous Daily High:  2739.5
       Previous Daily Low:  2718.75
       Previous Weekly High:  2717
       Previous Weekly Low:  2623.75
       Previous Monthly High:  2714
       Previous Monthly Low:  2441
       Daily Fibonacci 38.2%:  2731.57
       Daily Fibonacci 61.8%:  2726.68
       Daily Pivot Point S1:  2721.33
       Daily Pivot Point S2:  2709.67
       Daily Pivot Point S3:  2700.58
       Daily Pivot Point R1:  2742.08
       Daily Pivot Point R2:  2751.17
       Daily Pivot Point R3:  2762.83

 

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