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S&P 500 Price Analysis: US stocks holding in three-month highs

  • The S&P 500 is flirting with levels last seen in early March 2020. 
  • The level to beat for buyers is the 3185 resistance. 
 

S&P 500 daily chart

 
The S&P 500 is holding above the main SMAs as the market is hovering in fresh 3-month highs. As the buyers stay in charge, a break above the 3180 resistance would introduce scope for a run towards the 3267 level in the medium-term. On the flip side of the coin, support can emerge near the 3100/3075 price zone and the 3000 figure initially.
 
   

Additional key levels

 

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