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S&P500 Technical Analysis: US stocks holding on to the 2800.00 level

  • The S&P500 is trading in a bull trend above its 200-day simple moving average.
  • The S&P500 lost some ground on Thursday retracing slightly just above 2,800.00 figure.  
  • Bulls would need to hold the price above this level if they don’t want to see the bears take over the market back to 2,763.50 July 11 low.

S&P500 daily chart

Main trend:               Bullish
 
Resistance 1:           2,800.00 figure
Resistance 2:           2,834.25 October 10 low
Resistance 3:           2,853.00 August 9 low

Support 1:                2,766.00 November 2 high
Support 2:                2,718.75 April 17 high
Support 3:                2,700.00 figure
Support 4:                2,647.25 March 2 low
Support 5:                2,600.00 figure
Support 6:                2,530.75, 2018 low

 

Additional key levels at a glance:

SP 500

Overview:
       Last Price:  2805
       Daily change:  -1.3e+3  pips
       Daily change:  -0.461%
       Daily Open:  2818
Trends:
       Daily SMA20:  2738.92
       Daily SMA50:  2832.26
       Daily SMA100:  2830.39
       Daily SMA200:  2767.4
Levels:
       Daily High:  2818.75
       Daily Low:  2758.5
       Weekly High:  2766
       Weekly Low:  2604.5
       Monthly High:  2939.5
       Monthly Low:  2604.5
       Daily Fibonacci 38.2%:  2795.73
       Daily Fibonacci 61.8%:  2781.52
       Daily Pivot Point S1:  2778.08
       Daily Pivot Point S2:  2738.17
       Daily Pivot Point S3:  2717.83
       Daily Pivot Point R1:  2838.33
       Daily Pivot Point R2:  2858.67
       Daily Pivot Point R3:  2898.58

 

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