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7 Feb 2019

S&P500 Technical Analysis: Bears challenge the 2,700.00 figure

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 (DSMA).
  • Bears challenged the 100 DSMA.

S&P500 4-hour chart

  • The market found some support near the 2,700 figure and the 50 SMA. 

S&P500 30-minute chart

  • The S&P500 is trading below the main SMAs suggesting bearish momentum.
  • However, as the market found support at 2,690.00 level, bulls can drive the market to 2,720.00 and 2,730.00 in the short-term.
  • To the downside, support is seen at 2,690.00, 2,680.00 and 2,660.00 levels.


Additional key levels

SP 500

Overview:
    Today Last Price: 2706.25
    Today Daily change: -23.00 points
    Today Daily change %: -0.84%
    Today Daily Open: 2729.25
Trends:
    Daily SMA20: 2670.18
    Daily SMA50: 2609.37
    Daily SMA100: 2686.33
    Daily SMA200: 2750.95
Levels:
    Previous Daily High: 2738
    Previous Daily Low: 2724
    Previous Weekly High: 2717
    Previous Weekly Low: 2623.75
    Previous Monthly High: 2714
    Previous Monthly Low: 2441
    Daily Fibonacci 38.2%: 2729.35
    Daily Fibonacci 61.8%: 2732.65
    Daily Pivot Point S1: 2722.83
    Daily Pivot Point S2: 2716.42
    Daily Pivot Point S3: 2708.83
    Daily Pivot Point R1: 2736.83
    Daily Pivot Point R2: 2744.42
    Daily Pivot Point R3: 2750.83

 

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