S&P500 Technical Analysis: Little hope for US Stock bulls

S&P500 daily chart

• The S&P500 is trading above its main simple moving average suggesting bullish momentum.

S&P500 4-hour chart

• The S&P500 is trading below the 50 and 100 SMAs suggesting a consolidation in the medium-term.

S&P500 60-minute chart

• The S&P500 is trading below its main simple moving average suggesting bearish momentum in the short-term.
• A break below 2,790.00 should open the doors to 2,770.00 and 2,750.00 to the downside. 
• To the upside, resistance is at 2,810.00; 2,830.00 and 2,850.00 level.

Additional key levels