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S&P500 Technical Analysis: Bulls knocking at the 2,600.00 resistance

S&P500 daily chart

  • The S&P500 is having a deep pullback down below the 200-period simple moving average (SMA).

S&P500 4-hour chart

  • Bulls reclaimed the 50 and 100 SMAs and are now about to overcome the 200 SMA.

S&P500 30-minute chart

  • The market is trading above its main SMAs suggesting bullish momentum.  
  • A break of the 2,600.00 resistance would lead to a run to the 2,650.00 level.  
  • Support is seen at the 2,560.00 level.

Additional key levels

SP 500

Overview:
       Today Last Price:  2591
       Today Daily change:  -3.3e+2  pips
       Today Daily change %:  -0.125%
       Today Daily Open:  2594.25
Trends:
       Previous Daily SMA20:  2515.84
       Previous Daily SMA50:  2634.87
       Previous Daily SMA100:  2739.26
       Previous Daily SMA200:  2753.15
Levels:
       Previous Daily High:  2598.75
       Previous Daily Low:  2560.25
       Previous Weekly High:  2539
       Previous Weekly Low:  2441
       Previous Monthly High:  2813.5
       Previous Monthly Low:  2340.25
       Previous Daily Fibonacci 38.2%:  2584.04
       Previous Daily Fibonacci 61.8%:  2574.96
       Previous Daily Pivot Point S1:  2570.08
       Previous Daily Pivot Point S2:  2545.92
       Previous Daily Pivot Point S3:  2531.58
       Previous Daily Pivot Point R1:  2608.58
       Previous Daily Pivot Point R2:  2622.92
       Previous Daily Pivot Point R3:  2647.08

 

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