S&P500 daily chart
The S&P500 Index is in a bull trend above its 100 and 200-period simple moving averages (SMAs). However the bears are close to threatening an important support at 2,800.00. A break below this level can send the index towards the 2,700.00 figure.
S&P500 4-hour chart
The market is trading below its main SMAs as the index keeps the bearish pressure near 2,800.00 level.
S&P500 30-minute chart
The S&P500 is trading below its 100 and 200 SMAs suggesting bearish momentum in the near term. If bears break 2,800.00 then 2,760.0; 2,720.00 and 2700.00 can enter into play. However, if bulls can bring the market back above 2,840.00 resistance we could see another attempt at 2,870.00 to the upside.
Additional key levels
Share
