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19 Nov 2018
S&P500 Technical Analysis: US Stocks down almost 2% as the bullish inverse Head-and-Shoulders is at risk
S&P500 daily chart
- The S&P500 is trading in a bear trend below the 200-day simple moving average.
- The S&P500 printed a bullish inverse head-and-shoulders pattern, however, if bears break below the right shoulder, it can become a warning sign for bulls.
- Technical indicators are in bearish territories suggesting that the path of least resistance is to the downside.
Additional key levels at a glance:
SP 500
Overview:
Last Price: 2692.5
Daily change: -4.9e+3 pips
Daily change: -1.80%
Daily Open: 2741.75
Trends:
Daily SMA20: 2728.32
Daily SMA50: 2807.14
Daily SMA100: 2829.87
Daily SMA200: 2768.45
Levels:
Daily High: 2741.75
Daily Low: 2741.75
Weekly High: 2791.75
Weekly Low: 2670.75
Monthly High: 2939.5
Monthly Low: 2604.5
Daily Fibonacci 38.2%: 2741.75
Daily Fibonacci 61.8%: 2741.75
Daily Pivot Point S1: 2741.75
Daily Pivot Point S2: 2741.75
Daily Pivot Point S3: 2741.75
Daily Pivot Point R1: 2741.75
Daily Pivot Point R2: 2741.75
Daily Pivot Point R3: 2741.75