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  • The S&P500 is having a pullback below the 200-day simple moving average ahead of the US mid-term elections.    
  • Bulls are keeping the price above 2,700.00 key level. The next level to beat will be 2,763.50 (July 11 low) followed be 2,800.00 figure. Technical indicators are starting to gain some steam with the Stochastic above its 50 line.
  • On the flip side, a break below 2,700.00 on a daily closing basis would be seen as a warning sign for bulls.    

S&P500 daily chart

Main trend:               Bullish
Short-term trend:      Bearish pullback below 200-day SMA
 
Resistance 1:           2,763.50 July 11 low
Resistance 2:           2,800.00 figure
Resistance 3:           2,834.25 current October 10 low
 
Support 1:                2,718.75 April 17 high-
Support 2:                2,700.00 figure
Support 3:                2,647.25 March 2 low
Support 4:                2,600.00 figure
Support 5:                2,530.75, 2018 low

 

Additional key levels at a glance:

SP 500

Overview:
       Last Price:  2741
       Daily change:  1.8e+3  pips
       Daily change:  0.661%
       Daily Open:  2723
Trends:
       Daily SMA20:  2742.79
       Daily SMA50:  2840.14
       Daily SMA100:  2828.75
       Daily SMA200:  2766.53
Levels:
       Daily High:  2766
       Daily Low:  2700.5
       Weekly High:  2766
       Weekly Low:  2604.5
       Monthly High:  2939.5
       Monthly Low:  2604.5
       Daily Fibonacci 38.2%:  2725.52
       Daily Fibonacci 61.8%:  2740.98
       Daily Pivot Point S1:  2693.67
       Daily Pivot Point S2:  2664.33
       Daily Pivot Point S3:  2628.17
       Daily Pivot Point R1:  2759.17
       Daily Pivot Point R2:  2795.33
       Daily Pivot Point R3:  2824.67