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S&P500 Technical Analysis: US Stocks slip down on the open

S&P500 daily chart

  • The S&P500 index is trading above its main simple moving averages (SMAs) suggesting bullish momentum.

S&P500 4-hour chart

  • The S&P500 is trading above its main SMAs suggesting a bullish bias in the medium-term.


S&P500 60-minute chart

  • The S&P500 is dropping below 2,886.00 support and the 100 SMA. The overall trend is still bullish and bears would need to overcome 2,877.00 support to continue the recent move down.  
  • Support is at 2,870.00 and 2,860.00 level.  
  • To the upside, resistance is at 2886.00 and 2,900.00 resistance.

Additional key levels

 

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