S&P500 Technical Analysis: US Stocks in bad shape en route to the 2,620.00 level

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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).
  • Supports are seen near the 2,620.00 and 2,560.00 level.
  • Technical indicators are in bearish territories suggesting further weakness ahead.


	S&P500 Technical Analysis: US Stocks in bad shape en route to the 2,620.00 level

S&P500 4-hour chart

  • The S&P500 is trading below its main SMAs.


	S&P500 Technical Analysis: US Stocks in bad shape en route to the 2,620.00 level

S&P500 30-minute chart

  • Bears are currently challenging Tuesday’s low. 
  • Technical indicators are bearish. 


	S&P500 Technical Analysis: US Stocks in bad shape en route to the 2,620.00 level

Additional key levels:

SP 500

Overview:
    Last Price: 2632
    Daily change: -1.7e+3 pips
    Daily change: -0.623%
    Daily Open: 2648.5
Trends:
    Daily SMA20: 2726.51
    Daily SMA50: 2791.84
    Daily SMA100: 2825.71
    Daily SMA200: 2767.14
Levels:
    Daily High: 2670.5
    Daily Low: 2644.25
    Weekly High: 2791.75
    Weekly Low: 2670.75
    Monthly High: 2939.5
    Monthly Low: 2604.5
    Daily Fibonacci 38.2%: 2660.47
    Daily Fibonacci 61.8%: 2654.28
    Daily Pivot Point S1: 2638.33
    Daily Pivot Point S2: 2628.17
    Daily Pivot Point S3: 2612.08
    Daily Pivot Point R1: 2664.58
    Daily Pivot Point R2: 2680.67
    Daily Pivot Point R3: 2690.83

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