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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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