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S&P500 Technical Analysis: US Stocks declining towards 2,730.00 level

S&P500 daily chart

  • The S&P500 is having a pullback down below its 200-day simple moving average (SMAs).

S&P500 4-hour chart

  • The market is trading below its 50 and 100 SMA and is trying to find support at the 200 SMA. 

S&P500 30-minute chart

  • The S&P500 is trading below its main SMAs suggesting bearish momentum.
  • Bears broke below 2,770.00 support. A breach below the level can lead to a drop to 2,730.00 level. 
  • Resistance is at the 2,770.00 and 2,800.00 level.

 

Additional key levels

SP 500

Overview:
    Today Last Price: 2746
    Today Daily change: -25.25 ticks
    Today Daily change %: -0.91%
    Today Daily Open: 2771.25
Trends:
    Daily SMA20: 2769.15
    Daily SMA50: 2688.74
    Daily SMA100: 2671.98
    Daily SMA200: 2752.46
Levels:
    Previous Daily High: 2792.75
    Previous Daily Low: 2769
    Previous Weekly High: 2814.25
    Previous Weekly Low: 2775.25
    Previous Monthly High: 2814.25
    Previous Monthly Low: 2681.75
    Daily Fibonacci 38.2%: 2778.07
    Daily Fibonacci 61.8%: 2783.68
    Daily Pivot Point S1: 2762.58
    Daily Pivot Point S2: 2753.92
    Daily Pivot Point S3: 2738.83
    Daily Pivot Point R1: 2786.33
    Daily Pivot Point R2: 2801.42
    Daily Pivot Point R3: 2810.08

 

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