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S&P 500 Price Analysis: US stocks advance taking a breather above 3000 mark

  • The bullish recovery is taking a breather above the 3000 mark.
  • Support can emerge near the 3000 and 2960 levels. 
 

S&P 500 daily chart

 
After the crash seen in February-March, the S&P 500 is rebounding up sharply while regaining most of the lost ground. The market is hovering in 2.5-month highs above its main SMA on the daily chart. The index broke beyond the 3000 key resistance which is seen as a bullish sign. As buyers stay firmly in control, the index is eyeing the 3075/3100 price area and the 3180 level in the medium-term. On the flip side, support can emerge the 3000, 2960 and 2900 levels initially.
 
   

Additional key levels

SP 500

Overview
Today last price 3019.25
Today Daily Change -22.00
Today Daily Change % -0.72
Today daily open 3041.25
 
Trends
Daily SMA20 2917.66
Daily SMA50 2780.98
Daily SMA100 2956.99
Daily SMA200 3008.73
 
Levels
Previous Daily High 3069.5
Previous Daily Low 3023.75
Previous Weekly High 2982.5
Previous Weekly Low 2874.5
Previous Monthly High 2974
Previous Monthly Low 2436.25
Daily Fibonacci 38.2% 3041.23
Daily Fibonacci 61.8% 3052.02
Daily Pivot Point S1 3020.17
Daily Pivot Point S2 2999.08
Daily Pivot Point S3 2974.42
Daily Pivot Point R1 3065.92
Daily Pivot Point R2 3090.58
Daily Pivot Point R3 3111.67

 

 

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