The S&P500 is currently in a deep pullback below the 50, 100 and 200-day simple moving average (SMA). The S&P500 dropped to the 2,600.00 level and recovered some ground already, however the market remains fragile with technical indicators in negative but oversold territories. Corrections to the upside are likely going to be capped by the 2,700.00 key resistance. Targets to the downside are likely located near 2,600.00 and then 2,530.75 (2018 low). S&P500 4-hour chart Main trend: Bearish Resistance 1: 2,700.00 figure Resistance 2: 2,718.75 April 17 high Resistance 3: 2,763.50 July 11 low Resistance 4: 2,800.00 figure Resistance 5: 2,834.25 current October 10 low Support 1: 2,647.25 March 2 low Support 2: 2,600.00 figure Support 3: 2,530.75, 2018 low Additional key levels at a glance: SP 500 Overview: Last Price: 2644.25 Daily change: -1.9e+3 pips Daily change: -0.695% Daily Open: 2662.75 Trends: Daily SMA20: 2793.1 Daily SMA50: 2860.09 Daily SMA100: 2830.35 Daily SMA200: 2766.94 Levels: Daily High: 2692.5 Daily Low: 2627.75 Weekly High: 2780.5 Weekly Low: 2627.75 Monthly High: 2939.5 Monthly Low: 2864.25 Daily Fibonacci 38.2%: 2652.48 Daily Fibonacci 61.8%: 2667.77 Daily Pivot Point S1: 2629.5 Daily Pivot Point S2: 2596.25 Daily Pivot Point S3: 2564.75 Daily Pivot Point R1: 2694.25 Daily Pivot Point R2: 2725.75 Daily Pivot Point R3: 2759 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 AUD/JPY: trade war risk just elevated knocking the wind out of the Aussie FX Street 4 years The S&P500 is currently in a deep pullback below the 50, 100 and 200-day simple moving average (SMA). The S&P500 dropped to the 2,600.00 level and recovered some ground already, however the market remains fragile with technical indicators in negative but oversold territories. Corrections to the upside are likely going to be capped by the 2,700.00 key resistance. Targets to the downside are likely located near 2,600.00 and then 2,530.75 (2018 low). S&P500 4-hour chart Main trend: Bearish Resistance 1: 2,700.00 figure Resistance 2: … 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.
