Home S&P500 Technical Analysis: Bears challenge the 2,700.00 figure
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S&P500 Technical Analysis: Bears challenge the 2,700.00 figure

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 (DSMA).
  • Bears challenged the 100 DSMA.

S&P500 4-hour chart

  • The market found some support near the 2,700 figure and the 50 SMA.  

S&P500 30-minute chart

  • The S&P500 is trading below the main SMAs suggesting bearish momentum.
  • However, as the market found support at 2,690.00 level, bulls can drive the market to 2,720.00 and 2,730.00 in the short-term.
  • To the downside, support is seen at 2,690.00, 2,680.00 and 2,660.00 levels.

Additional key levels

SP 500

Overview:
       Today Last Price:  2706.25
       Today Daily change:  -23.00  points
       Today Daily change %:  -0.84%
       Today Daily Open:  2729.25
Trends:
       Daily SMA20:  2670.18
       Daily SMA50:  2609.37
       Daily SMA100:  2686.33
       Daily SMA200:  2750.95
Levels:
       Previous Daily High:  2738
       Previous Daily Low:  2724
       Previous Weekly High:  2717
       Previous Weekly Low:  2623.75
       Previous Monthly High:  2714
       Previous Monthly Low:  2441
       Daily Fibonacci 38.2%:  2729.35
       Daily Fibonacci 61.8%:  2732.65
       Daily Pivot Point S1:  2722.83
       Daily Pivot Point S2:  2716.42
       Daily Pivot Point S3:  2708.83
       Daily Pivot Point R1:  2736.83
       Daily Pivot Point R2:  2744.42
       Daily Pivot Point R3:  2750.83

 

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