S&P500 Technical Analysis: 2,734.00 target gets hit as Wall Street bears strike back
S&P500 daily chart
- The S&P500 is trading in a bear trend below its 200-day simple moving average (SMA). As forecast, the 2,734.00 target has been achieved.
- Bears have taken the market by surprise and downside targets are now seen near the 2,685.00 and 2,655.00 level.
- The market is trading below its main SMAs as indicators are turning bearish.
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Additional key levels
SP 500
Overview:
Today Last Price: 2701.75
Today Daily change: -8.8e+3 pips
Today Daily change %: -3.15%
Today Daily Open: 2789.5
Trends:
Previous Daily SMA20: 2718.32
Previous Daily SMA50: 2757.71
Previous Daily SMA100: 2816.75
Previous Daily SMA200: 2765.4
Levels:
Previous Daily High: 2813.5
Previous Daily Low: 2773.5
Previous Weekly High: 2764
Previous Weekly Low: 2629.8
Previous Monthly High: 2818.75
Previous Monthly Low: 2626
Previous Daily Fibonacci 38.2%: 2788.78
Previous Daily Fibonacci 61.8%: 2798.22
Previous Daily Pivot Point S1: 2770.83
Previous Daily Pivot Point S2: 2752.17
Previous Daily Pivot Point S3: 2730.83
Previous Daily Pivot Point R1: 2810.83
Previous Daily Pivot Point R2: 2832.17
Previous Daily Pivot Point R3: 2850.83