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S&P500 Technical Analysis: 2,686.00 bull target achieved as buyers stage an intraday reversal up – 2,765.00 is the next bull target

Article
FXStreet in Market News 12 17295
December 7, 2018 05:53

content provided with permission by FXStreet

S&P500 daily chart

  • The S&P500 is in a bear trend below the 200-day simple moving average (SMA).
  • As forecast, the S&P500 hit the 2,686.00 bull target. 
  • The market should hold and 2,765.00 is most likely the next bull target.

Additional key levels

SP 500

Overview:
    Today Last Price: 2694.5
    Today Daily change: -2.1e+3 pips
    Today Daily change %: -0.764%
    Today Daily Open: 2715.25
Trends:
    Previous Daily SMA20: 2710.01
    Previous Daily SMA50: 2749.08
    Previous Daily SMA100: 2814.58
    Previous Daily SMA200: 2765.7
Levels:
    Previous Daily High: 2721
    Previous Daily Low: 2707.5
    Previous Weekly High: 2764
    Previous Weekly Low: 2629.8
    Previous Monthly High: 2818.75
    Previous Monthly Low: 2626
    Previous Daily Fibonacci 38.2%: 2715.84
    Previous Daily Fibonacci 61.8%: 2712.66
    Previous Daily Pivot Point S1: 2708.17
    Previous Daily Pivot Point S2: 2701.08
    Previous Daily Pivot Point S3: 2694.67
    Previous Daily Pivot Point R1: 2721.67
    Previous Daily Pivot Point R2: 2728.08
    Previous Daily Pivot Point R3: 2735.17