Support level analysis for the S&P 500 (technical view)

Please do feel free to correct me or add on to this.

On the Daily chart of the S&P 500 we can see it is currently at the (5400) 50 day SMA support level in concise with the support thread line. if it breaks support we will be looking at the 5280 100 day SMA support level

looking at the weekly chart we saw it broke the 7 week SMA of 5490 and is currently at the 23.6% week Fibonacci level with the support range of 5425 - 5310 for the first support level, 38.2 % week Fibonacci 5370 level, 5265 - 5140 range with the 61.8% week Fibonacci  of 5210, 30 week SMA support @ the 5180 for the second support level, and at the final support level for week chart we have the 5025 - 4770 with first 38.2% Month Fibonacci level 4960 as well as the 50 week SMA @ 4890 if that that goes below 4770 we will be looking at 100 week SMA of 4480 support

looking at the monthly chart we can see it testing the support thread line if that breaks we will be looking at first support of 5230 - 4850, support line @ 5247, 7 month SMA @ 5199, 23.6% month Fibonacci of 5170 38.2% month Fibonacci of 4970. second support level will be 4780 - 4580 with the 50% month Fibonacci of 4820, 61.8% month Fibonacci of 4670 with a support line at 4600 level. Lastly the third support level range of 4550 - 4100 with the 30 month SMA of 4420 with a line support at 4130.

For today we will have to watch the US jobless claims coming data released @12:30 GMT. with the FED "Still needing more data" we will be feeling the full effect of the February 2023 rate hike due to response lag of 18 months. February 2023 hike was 4.5% to 4.75%

Expect more market volatility of H2 of 2024.