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S&P500 Technical Analysis: Bulls hanging above the 2,620.00 level

S&P500 daily chart  

  • The S&P500 Index is having a deep pullback below the 100 and 200-day simple moving averages (SMAs).
  • Bulls have momentarily retaken the 50 SMA.

S&P500 4-hour chart

  • The S&P500 is evolving the main SMAs suggesting bullish momentum in the medium-term.

S&P500 30-minute chart

  • The S&P500 broke below the 2,650.00 level and the 200 SMA suggesting bearish momentum in the near-term.
  • A decline below the 2,620.00 support can lead to the 2,600.00 figure to the downside.
  • The 2,650.00 level is resistance.

Additional key levels

SP 500

Overview:
       Today Last Price:  2638.5
       Today Daily change:  5.75  points
       Today Daily change %:  0.22%
       Today Daily Open:  2632.75
Trends:
       Daily SMA20:  2563.76
       Daily SMA50:  2611.31
       Daily SMA100:  2715.91
       Daily SMA200:  2752.02
Levels:
       Previous Daily High:  2660.5
       Previous Daily Low:  2617.5
       Previous Weekly High:  2677.25
       Previous Weekly Low:  2567.25
       Previous Monthly High:  2813.5
       Previous Monthly Low:  2340.25
       Daily Fibonacci 38.2%:  2633.93
       Daily Fibonacci 61.8%:  2644.07
       Daily Pivot Point S1:  2613.33
       Daily Pivot Point S2:  2593.92
       Daily Pivot Point S3:  2570.33
       Daily Pivot Point R1:  2656.33
       Daily Pivot Point R2:  2679.92
       Daily Pivot Point R3:  2699.33

 

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