S&P500 Index Technical Analysis: US stocks blasting to 2-month’s highs

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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 Index Technical Analysis: US stocks blasting to 2-month’s highs

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 Index Technical Analysis: US stocks blasting to 2-month’s highs

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.


	S&P500 Index Technical Analysis: US stocks blasting to 2-month’s highs

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

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