S&P500 Technical Analysis: Inverse Head-and-Shoulders pattern can send US Stocks to the 2,820.00 level

S&P500 daily chart

• The S&P500 printed an inverse head-and-shoulders pattern, which can potentially send the index up in the coming days and weeks. 

S&P500 4-hour chart

• The S&P500 found strong support at the 2,680.00 level as the bulls reclaimed the 100-period simple moving average (SMA). 
• Technical indicators are in positive territories suggesting continued bullish momentum. 
• The bull target is at 2,820.00 swing high. A bear breakout below 2,680.00 would invalidate the bullish momentum.

S&P500 30-minute chart

• The market is almost in full bull mode on the 30-minute chart. 
• The S&P500 broke above the 50, 100 and 200 SMA while technical indicators are in positive territories. 

Additional key levels at a glance: