S&P500 Technical Analysis: US stocks dip to 2,805.00 level

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 between the 100 and 200 SMAs suggesting a consolidation in the medium-term.

S&P500 60-minute chart

• The S&P500 found support at 2,805.00 level. 
• To the upside, resistance is seen at 2,830.00, 2,840.00 level and 2,850.00 level.
• Further down 2,790.00 is seen as next support if 2,805.00 is broken.

Additional key levels