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S&P 500 Asia Price Forecast: US stocks holding above the 3000 figure

  • The bullish recovery stays intact as the S&P 500 holds above the 3000 mark.
  • The level to beat for buyers is the 3075 resistance. 
 

S&P 500 daily chart

 
Following the Corona crash which took place in February-March, the S&P 500 is bouncing up sharply. The index is holding in 2.5-month highs above the 3000 mark and the main SMA on the daily chart. As bulls stay firmly in charge, the S&P 500 is eyeing the 3075/3100 price zone as well as the 3180 level in the medium-term. On the other hand, support can be seen near the 3000, 2960 and 2900 levels initially.
 
   

Additional key levels

SP 500

Overview
Today last price 3040.5
Today Daily Change -20.50
Today Daily Change % -0.67
Today daily open 3061
 
Trends
Daily SMA20 2929.36
Daily SMA50 2796.6
Daily SMA100 2954.97
Daily SMA200 3009.44
 
Levels
Previous Daily High 3061.75
Previous Daily Low 2999.25
Previous Weekly High 3069.5
Previous Weekly Low 2959
Previous Monthly High 3069.5
Previous Monthly Low 2768
Daily Fibonacci 38.2% 3037.88
Daily Fibonacci 61.8% 3023.12
Daily Pivot Point S1 3019.58
Daily Pivot Point S2 2978.17
Daily Pivot Point S3 2957.08
Daily Pivot Point R1 3082.08
Daily Pivot Point R2 3103.17
Daily Pivot Point R3 3144.58

 

 

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