Home S&P500 Technical Analysis: 2,650.00 bear target achieved and exceeded as sellers sink the market to the 2,620.00
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S&P500 Technical Analysis: 2,650.00 bear target achieved and exceeded as sellers sink the market to the 2,620.00

S&P500 daily chart

  • USD/JPY is in a bear trend below the 200-day simple moving average (SMA).
  • As forecast, the S&P500 hit the 2650.00 bear target.  
  • The S&P500 is now trading at daily lows just above the 2,600.00 figure. The market should hold in the short-term and 2,686.00 should be the next bull target. Alternatively, a break below 2,600.00 would open the doors to further losses.  

Additional key levels

SP 500

Overview:
       Today Last Price:  2624
       Today Daily change:  -9.1e+3  pips
       Today Daily change %:  -3.36%
       Today Daily Open:  2715.25
Trends:
       Previous Daily SMA20:  2710.01
       Previous Daily SMA50:  2749.08
       Previous Daily SMA100:  2814.58
       Previous Daily SMA200:  2765.7
Levels:
       Previous Daily High:  2721
       Previous Daily Low:  2707.5
       Previous Weekly High:  2764
       Previous Weekly Low:  2629.8
       Previous Monthly High:  2818.75
       Previous Monthly Low:  2626
       Previous Daily Fibonacci 38.2%:  2715.84
       Previous Daily Fibonacci 61.8%:  2712.66
       Previous Daily Pivot Point S1:  2708.17
       Previous Daily Pivot Point S2:  2701.08
       Previous Daily Pivot Point S3:  2694.67
       Previous Daily Pivot Point R1:  2721.67
       Previous Daily Pivot Point R2:  2728.08
       Previous Daily Pivot Point R3:  2735.17

 

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