Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
SPX 500 Technical Analysis: Recovery Stalls Above 2100

SPX 500 Technical Analysis: Recovery Stalls Above 2100

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Support: 2099.50, 2089.40, 2081.20
  • Resistance: 2115.90, 2129.60, 2137.10
  • For more , visit our SPX 500 page

The SPX 500 stalled after erasing nearly all of last week’s down move and reclaiming a foothold above the 2100 figure. Near-term support is at 2099.50, the 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 2089.40. Alternatively, a move above the July 31 high at 2115.90 opens the door for a test of the June 22 top at 2129.60.


03 AUG 2015, 12:30 GMT – US PCE Core (YoY) (JUN) – Expected: 1.2%, Prev: 1.2%

03 AUG 2015, 14:00 GMT – US Manufacturing ISM (JUL) – Expected: 53.5, Prev: 53.5

05 AUG 2015, 01:45 GMT – Caixin China PMI Composite (JUL) – Expected: n/a, Prev: 50.6

05 AUG 2015, 14:00 GMT – US Non-Mfg ISM Composite (JUL) – Expected: 56.2, Prev: 56.0

07 AUG 2015, 12:30 GMT – US Change in Nonfarm Payrolls (JUL) – Expected: 225K, Prev: 223K

--- Written by Ilya Spivak, Currency Strategist for

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.