S&P500 Technical Analysis: Target hit for bulls as US Stocks revisit October highs - Bear target at 2,734.00 level

S&P500 daily chart

  • The S&P500 is trading in a bull trend above its 200-day simple moving average (SMA). The 2,770.00 target has been achieved. 
  • The market flirted with the 2,818.75 target and the 100-day SMA.
  • The momentum seems to be switching to bearish in the short-term with a target at 2,734.00.

Additional key levels 

SP 500

Overview:
    Today Last Price: 2790
    Today Daily change: 2.7e+3 pips
    Today Daily change %: 0.977%
    Today Daily Open: 2763
Trends:
    Previous Daily SMA20: 2719.74
    Previous Daily SMA50: 2760.23
    Previous Daily SMA100: 2817.24
    Previous Daily SMA200: 2765.07
Levels:
    Previous Daily High: 2764
    Previous Daily Low: 2728.5
    Previous Weekly High: 2764
    Previous Weekly Low: 2629.8
    Previous Monthly High: 2818.75
    Previous Monthly Low: 2626
    Previous Daily Fibonacci 38.2%: 2750.44
    Previous Daily Fibonacci 61.8%: 2742.06
    Previous Daily Pivot Point S1: 2739.67
    Previous Daily Pivot Point S2: 2716.33
    Previous Daily Pivot Point S3: 2704.17
    Previous Daily Pivot Point R1: 2775.17
    Previous Daily Pivot Point R2: 2787.33
    Previous Daily Pivot Point R3: 2810.67

 

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