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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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