S&P500 Technical Analysis: Double bottom can send US stocks to the 2,700.00 level
S&P500 daily chart
- The S&P500 is trading in a bear trend below the 200-day simple moving average.
- The S&P500 found support just above the 2,620.00 level creating a double bottom with the October low.
- The next target to the upside is likely going to be the 2,700.00 and 2,735.00 levels.
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Additional key level
SP 500
Overview:
Today Last Price: 2669.25
Today Daily change: 3.9e+3 pips
Today Daily change %: 1.50%
Today Daily Open: 2629.8
Trends:
Previous Daily SMA20: 2723.24
Previous Daily SMA50: 2780.09
Previous Daily SMA100: 2822.09
Previous Daily SMA200: 2765.73
Levels:
Previous Daily High: 2647.25
Previous Daily Low: 2626
Previous Weekly High: 2747.5
Previous Weekly Low: 2626
Previous Monthly High: 2939.5
Previous Monthly Low: 2604.5
Previous Daily Fibonacci 38.2%: 2634.12
Previous Daily Fibonacci 61.8%: 2639.13
Previous Daily Pivot Point S1: 2621.45
Previous Daily Pivot Point S2: 2613.1
Previous Daily Pivot Point S3: 2600.2
Previous Daily Pivot Point R1: 2642.7
Previous Daily Pivot Point R2: 2655.6
Previous Daily Pivot Point R3: 2663.95