The S&P500 is having a strong pullback down below its 200-day simple moving average (SMA) on the daily chart. The S&P500 rebounded from the 2,600.00 support. Bulls are now trading above the key 2,700.00 figure suggesting that bulls have a fair chance to stabilize the market from now on. The next targets to the upside are seen near 2,763.50 (July 11 low) close to the 200 SMA and then 2,800.00 figure. As technical indicators are still in recovery mode, sharp pullbacks down to 2,647.25 (March 2 low) and 2600.00 figure can be expected. A break below 2,600.00 on a daily closing basis would likely invalidate the potential bullish bias. S&P500 daily chart Main trend: Bullish Short-term trend: Bearish pullback below 200-day SMA Resistance 1: 2,763.50 July 11 low Resistance 2: 2,800.00 figure Resistance 3: 2,834.25 current October 10 low Support 1: 2,718.75 April 17 high Support 2: 2,700.00 figure Support 3: 2,647.25 March 2 low Support 4: 2,600.00 figure Support 5: 2,530.75, 2018 low Additional key levels at a glance: SP 500 Overview: Last Price: 2720.25 Daily change: 3.2e+3 pips Daily change: 1.20% Daily Open: 2688 Trends: Daily SMA20: 2768.15 Daily SMA50: 2851.16 Daily SMA100: 2828.57 Daily SMA200: 2766.76 Levels: Daily High: 2692 Daily Low: 2634 Weekly High: 2780.5 Weekly Low: 2627.75 Monthly High: 2939.5 Monthly Low: 2864.25 Daily Fibonacci 38.2%: 2669.84 Daily Fibonacci 61.8%: 2656.16 Daily Pivot Point S1: 2650.67 Daily Pivot Point S2: 2613.33 Daily Pivot Point S3: 2592.67 Daily Pivot Point R1: 2708.67 Daily Pivot Point R2: 2729.33 Daily Pivot Point R3: 2766.67 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD clings to gains above 1.31 after EIA’s weekly stock report FX Street 4 years The S&P500 is having a strong pullback down below its 200-day simple moving average (SMA) on the daily chart. The S&P500 rebounded from the 2,600.00 support. Bulls are now trading above the key 2,700.00 figure suggesting that bulls have a fair chance to stabilize the market from now on. The next targets to the upside are seen near 2,763.50 (July 11 low) close to the 200 SMA and then 2,800.00 figure. As technical indicators are still in recovery mode, sharp pullbacks down to 2,647.25 (March 2 low) and 2600.00 figure can be expected. A break below 2,600.00 on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
