S&P 500 New York Price Forecast: US stocks gap up to 2600 figure


  • S&P 500 gaps up to the 2600 level as the week is kicking off. 
  • S&P 500 remains vulnerable below the 2600/2700 resistance zone.
 
 

S&P 500 daily chart

 
The S&P 500 gaps up however the market remains vulnerable below the 2600/2700 resistance zone as the new week is kicking off. The rebound at the end of March might be categorized as a dead-cat bounce as bears could come back and drive the index to the 2300 and 2200 levels on the way down while resistance could emerge near the 2600/2700 levels. 
 

Additional key levels 

SP 500

Overview
Today last price 2588
Today Daily Change 94.00
Today Daily Change % 3.77
Today daily open 2494
 
Trends
Daily SMA20 2523.14
Daily SMA50 2952.64
Daily SMA100 3078.56
Daily SMA200 3026.75
 
Levels
Previous Daily High 2539
Previous Daily Low 2461.25
Previous Weekly High 2645.75
Previous Weekly Low 2436.25
Previous Monthly High 3137
Previous Monthly Low 2188.5
Daily Fibonacci 38.2% 2490.95
Daily Fibonacci 61.8% 2509.3
Daily Pivot Point S1 2457.17
Daily Pivot Point S2 2420.33
Daily Pivot Point S3 2379.42
Daily Pivot Point R1 2534.92
Daily Pivot Point R2 2575.83
Daily Pivot Point R3 2612.67

 

 

Share: Feed news

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended content

Editors’ Picks

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more

Forex MAJORS

Cryptocurrencies

Signatures