S&P500 Technical Analysis: US Stocks slip down on the open

S&P500 daily chart

• The S&P500 index is trading above its main simple moving averages (SMAs) suggesting bullish momentum.

S&P500 4-hour chart

• The S&P500 is trading above its main SMAs suggesting a bullish bias in the medium-term.

S&P500 60-minute chart

• The S&P500 is dropping below 2,886.00 support and the 100 SMA. The overall trend is still bullish and bears would need to overcome 2,877.00 support to continue the recent move down. 
• Support is at 2,870.00 and 2,860.00 level. 
• To the upside, resistance is at 2886.00 and 2,900.00 resistance.

Additional key levels