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: