S&P500 Technical Analysis: US Stocks grinding up post-FOMC minutes

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S&P500 daily chart

  • The S&P500 is trading in a bear trend below its 200-day simple moving average. 
  • The S&P500 is reversing up from the double bottom formation. The 2,735,00 target has been achieved. Now bulls are targeting the 2,770.00 and 2,818.75 levels.
  • Technical indicators are bullishly configured further confirming the upward bias. 


	S&P500 Technical Analysis: US Stocks grinding up post-FOMC minutes

Additional key levels

SP 500

Overview:
    Today Last Price: 2746.75
    Today Daily change: 5.0e+2 pips
    Today Daily change %: 0.182%
    Today Daily Open: 2741.75
Trends:
    Previous Daily SMA20: 2719.52
    Previous Daily SMA50: 2766.58
    Previous Daily SMA100: 2818.82
    Previous Daily SMA200: 2764.88
Levels:
    Previous Daily High: 2745.25
    Previous Daily Low: 2681.75
    Previous Weekly High: 2747.5
    Previous Weekly Low: 2626
    Previous Monthly High: 2939.5
    Previous Monthly Low: 2604.5
    Previous Daily Fibonacci 38.2%: 2720.99
    Previous Daily Fibonacci 61.8%: 2706.01
    Previous Daily Pivot Point S1: 2700.58
    Previous Daily Pivot Point S2: 2659.42
    Previous Daily Pivot Point S3: 2637.08
    Previous Daily Pivot Point R1: 2764.08
    Previous Daily Pivot Point R2: 2786.42
    Previous Daily Pivot Point R3: 2827.58

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