S&P500 Technical Analysis: US Stocks close the week on the low tick challenging the October low

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S&P500 daily chart 

  • The S&P500 is trading in a bear trend below the 200-day simple moving average (SMA) as the index is challenging the October low.
  • Technical indicators are in bearish territories suggesting further weakness ahead.
  • Supports are seen near the 2,620.00 and 2,560.00 level. Resistance can be located near the 2,656.00 and 2,700.00 level.


	S&P500 Technical Analysis: US Stocks close the week on the low tick challenging the October low

Additional key levels

SP 500

Overview:
    Last Price: 2628.8
    Daily change: -4.0e+2 pips
    Daily change: -0.154%
    Daily Open: 2632.85
Trends:
    Daily SMA20: 2726.16
    Daily SMA50: 2785.99
    Daily SMA100: 2823.93
    Daily SMA200: 2766.38
Levels:
    Daily High: 2656
    Daily Low: 2629
    Weekly High: 2791.75
    Weekly Low: 2670.75
    Monthly High: 2939.5
    Monthly Low: 2604.5
    Daily Fibonacci 38.2%: 2639.31
    Daily Fibonacci 61.8%: 2645.69
    Daily Pivot Point S1: 2622.57
    Daily Pivot Point S2: 2612.28
    Daily Pivot Point S3: 2595.57
    Daily Pivot Point R1: 2649.57
    Daily Pivot Point R2: 2666.28
    Daily Pivot Point R3: 2676.57

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