Home S&P500 Index technical analysis: US stocks reach 2,890.00 target on earning figures
FXStreet News

S&P500 Index technical analysis: US stocks reach 2,890.00 target on earning figures

S&P500 daily chart
 
The S&P500 Index is trading in a bull trend above its 200-period simple moving averages (SMA). The index is up as investors are cheering better-than-anticipated earning figures.

S&P500 4-hour chart

The market is very close to the 2,900.00 figure along with the 100 and 200 SMAs.
As discussed previously, the market hit 2,890.00 this Thursday.  


S&P500 30-minute chart

Bulls are back in charge. The next main target is seen at 2,937.00. Before that bulls need to break above 2,890.00 resistance and the 2,920.00 price level.
Support is seen at 2,870.00 and 2,852.00 level.  

Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.