23 Nov 2018

S&P500 Technical Analysis: US Stocks close the week on the low tick challenging the October low

S&P500 daily chart

The S&P500 is trading in a bear trend below the 200-day simple moving average (SMA) as the index is challenging the October low.
Technical indicators are in bearish territories suggesting further weakness ahead.
Supports are seen near the 2,620.00 and 2,560.00 level. Resistance can be located near the 2,656.00 and 2,700.00 level.

Additional key levels

SP 500

Overview:
    Last Price: 2628.8
    Daily change: -4.0e+2 pips
    Daily change: -0.154%
    Daily Open: 2632.85
Trends:
    Daily SMA20: 2726.16
    Daily SMA50: 2785.99
    Daily SMA100: 2823.93
    Daily SMA200: 2766.38
Levels:
    Daily High: 2656
    Daily Low: 2629
    Weekly High: 2791.75
    Weekly Low: 2670.75
    Monthly High: 2939.5
    Monthly Low: 2604.5
    Daily Fibonacci 38.2%: 2639.31
    Daily Fibonacci 61.8%: 2645.69
    Daily Pivot Point S1: 2622.57
    Daily Pivot Point S2: 2612.28
    Daily Pivot Point S3: 2595.57
    Daily Pivot Point R1: 2649.57
    Daily Pivot Point R2: 2666.28
    Daily Pivot Point R3: 2676.57

S&P500 Technical Analysis: US Stocks close the week on the low tick challenging the October low

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