News

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

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.