S&P500 Technical Analysis: US Stocks capped below 2,910.00 resistance

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S&P500 daily chart

  • The S&P500 index is trading in a bull trend above its main simple moving averages (SMAs).

S&P500 4-hour chart

  • The S&P500 is trading above its main SMAs suggesting bullish momentum the medium-term.


S&P500 60-minute chart

  • The S&P500 is trading below its 50 and 100 SMAs suggesting a correction down.
  • The market is expected to be capped below 2,910.00 resistance. 
  • Looking down, investors can expect short-term support at 2,890.00 and 2,880.00 level.


Additional key levels

 

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