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6 Feb 2019

S&P500 Index Technical Analysis: US Stocks stabilizing near the 2,730.00 level

S&P500 daily chart

  • The S&P500 Index is having a strong bullish reversal after a deep pullback below the 200-day simple moving average (SMA).

S&P500 4-hour chart

  • The S&P500 is trading above the 50, 100 and 200 SMAs suggesting a bullish bias in the medium-term. 

S&P500 30-minute chart

  • The S&P500 is trading above the main SMAs suggesting bullish momentum.
  • The market is attempting to break above the 2,730.00 resistance. The next objective for bulls should be 2,750.00 and 2,800.00 levels to the upside.
  • To the downside, support can be seen near the 2,700.00 and 2,655.00 level.

Additional key levels

SP 500

Overview:
    Today Last Price: 2734.5

    Today Daily change %: 0.05%
    Today Daily Open: 2733
Trends:
    Daily SMA20: 2662.79
    Daily SMA50: 2609.62
    Daily SMA100: 2688.1
    Daily SMA200: 2750.93
Levels:
    Previous Daily High: 2739.5
    Previous Daily Low: 2718.75
    Previous Weekly High: 2717
    Previous Weekly Low: 2623.75
    Previous Monthly High: 2714
    Previous Monthly Low: 2441
    Daily Fibonacci 38.2%: 2731.57
    Daily Fibonacci 61.8%: 2726.68
    Daily Pivot Point S1: 2721.33
    Daily Pivot Point S2: 2709.67
    Daily Pivot Point S3: 2700.58
    Daily Pivot Point R1: 2742.08
    Daily Pivot Point R2: 2751.17
    Daily Pivot Point R3: 2762.83

 

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