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  • The S&P500 is having a strong pullback down below its 200-day simple moving average on the 4-hour chart.  
  • The S&P500 is rebounding from the 2,600.00 support but bulls are not out of the woods as they should ideally break above 2,700.00 resistance in order to regain some control in the market.  
  • If the bulls fail to recapture 2,700.00, targets to the downside can be located near 2,647.25 (March 2 low) and 2,600.00.

S&P500 daily 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:  2691.25
       Daily change:  5.1e+3  pips
       Daily change:  1.94%
       Daily Open:  2640
Trends:
       Daily SMA20:  2779.02
       Daily SMA50:  2855.36
       Daily SMA100:  2829.22
       Daily SMA200:  2766.81
Levels:
       Daily High:  2708
       Daily Low:  2604.5
       Weekly High:  2780.5
       Weekly Low:  2627.75
       Monthly High:  2939.5
       Monthly Low:  2864.25
       Daily Fibonacci 38.2%:  2644.04
       Daily Fibonacci 61.8%:  2668.46
       Daily Pivot Point S1:  2593.67
       Daily Pivot Point S2:  2547.33
       Daily Pivot Point S3:  2490.17
       Daily Pivot Point R1:  2697.17
       Daily Pivot Point R2:  2754.33
       Daily Pivot Point R3:  2800.67