S&P500 Technical Analysis: Triple top can see the bears drive the market down to the 2,650.00 level
S&P500 daily chart
- The S&P500 is trading in a bear trend below its 200-day simple moving average (SMA) as technical indicators are turning bearish.
- The market created a triple top with 2,820.00 blocking bullish advances.
- As the path of least resistance is down, targets are now seen near the 2,685.00 and 2,650.00 level.
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Additional key levels
SP 500
Overview:
Today Last Price: 2717.25
Today Daily change: 1.6e+3 pips
Today Daily change %: 0.574%
Today Daily Open: 2701.75
Trends:
Previous Daily SMA20: 2713.16
Previous Daily SMA50: 2753.27
Previous Daily SMA100: 2815.59
Previous Daily SMA200: 2765.33
Levels:
Previous Daily High: 2787
Previous Daily Low: 2696.25
Previous Weekly High: 2764
Previous Weekly Low: 2629.8
Previous Monthly High: 2818.75
Previous Monthly Low: 2626
Previous Daily Fibonacci 38.2%: 2730.92
Previous Daily Fibonacci 61.8%: 2752.33
Previous Daily Pivot Point S1: 2669.67
Previous Daily Pivot Point S2: 2637.58
Previous Daily Pivot Point S3: 2578.92
Previous Daily Pivot Point R1: 2760.42
Previous Daily Pivot Point R2: 2819.08
Previous Daily Pivot Point R3: 2851.17