Search ForexCrunch
  • The S&P500 is having a deep pullback below the 200-day simple moving average (SMA).  
  • The S&P500 closed above the 2,700.00 level but the day is closing far away from its high suggesting bullish weakness and potential bearish resumption in the second half of the week.
  • Targets to the downside are seen near 2,647.25 (March 2 low) and 2,600.00 figure.

S&P500 daily chart

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

 

Additional key levels at a glance:

SP 500

Overview:
       Last Price:  2706.5
       Daily change:  1.9e+3  pips
       Daily change:  0.688%
       Daily Open:  2688
Trends:
       Daily SMA20:  2768.15
       Daily SMA50:  2851.16
       Daily SMA100:  2828.57
       Daily SMA200:  2766.76
Levels:
       Daily High:  2692
       Daily Low:  2634
       Weekly High:  2780.5
       Weekly Low:  2627.75
       Monthly High:  2939.5
       Monthly Low:  2864.25
       Daily Fibonacci 38.2%:  2669.84
       Daily Fibonacci 61.8%:  2656.16
       Daily Pivot Point S1:  2650.67
       Daily Pivot Point S2:  2613.33
       Daily Pivot Point S3:  2592.67
       Daily Pivot Point R1:  2708.67
       Daily Pivot Point R2:  2729.33
       Daily Pivot Point R3:  2766.67