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S&P500 Technical Analysis: US Stocks are weak below 2,800.00 figure

S&P500 daily chart  

  • The S&P500 is trading in a bull leg above the 200-day simple moving averages (SMA).

S&P500 4-hour chart

  • The market is trading above its 100 and 200 SMA however below its 50 SMA, suggesting a potential pullback down.  

S&P500 60-minute chart

  • The S&P500 is trading below its main SMAs suggesting bearish momentum.
  • Resistance is at the 2,800.00 level.
  • Bears will likely target 2,770.00 to the downside and 2,730.00 level in the medium-term.

Additional key levels

SP 500

Overview:
       Today Last Price:  2792
       Today Daily change:  50  pips
       Today Daily change %:  0.02%
       Today Daily Open:  2791.5
Trends:
       Daily SMA20:  2762.85
       Daily SMA50:  2677.35
       Daily SMA100:  2671.38
       Daily SMA200:  2752.41
Levels:
       Previous Daily High:  2818
       Previous Daily Low:  2768
       Previous Weekly High:  2814.25
       Previous Weekly Low:  2775.25
       Previous Monthly High:  2814.25
       Previous Monthly Low:  2681.75
       Daily Fibonacci 38.2%:  2787.1
       Daily Fibonacci 61.8%:  2798.9
       Daily Pivot Point S1:  2767
       Daily Pivot Point S2:  2742.5
       Daily Pivot Point S3:  2717
       Daily Pivot Point R1:  2817
       Daily Pivot Point R2:  2842.5
       Daily Pivot Point R3:  2867

 

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