S&P500 Index Technical Analysis: US stocks blasting to 2-month’s highs
S&P500 daily chart
- The S&P500 Index is recovering strongly after the deep pullback below the 200-day simple moving average (SMA).
- Bulls have now retaken the 50 and 100 SMA as the market is at 2-month’s high.
S&P500 4-hour chart
- The S&P500 is trading above the 50, 100 and 200 SMAs suggesting bullish momentum in the medium-term.
S&P500 30-minute chart
- The S&P500 is trading above its main SMAs leaving the bulls in control.
- Resistance can be expected at 2,730.00 and 2,750.00 levels.
- To the downside, support can be expected at the 2,695 and 2,655.00 levels.
Additional key levels
SP 500
Overview:
Today Last Price: 2713.25
Today Daily change %: 1.04%
Today Daily Open: 2685.25
Trends:
Daily SMA20: 2628.42
Daily SMA50: 2605.02
Daily SMA100: 2698.43
Daily SMA200: 2751.01
Levels:
Previous Daily High: 2691.25
Previous Daily Low: 2638
Previous Weekly High: 2672.5
Previous Weekly Low: 2613
Previous Monthly High: 2813.5
Previous Monthly Low: 2340.25
Daily Fibonacci 38.2%: 2670.91
Daily Fibonacci 61.8%: 2658.34
Daily Pivot Point S1: 2651.75
Daily Pivot Point S2: 2618.25
Daily Pivot Point S3: 2598.5
Daily Pivot Point R1: 2705
Daily Pivot Point R2: 2724.75
Daily Pivot Point R3: 2758.25