S&P 500 Price Analysis: US stocks break to fresh 2.5-month highs above the 3000 mark

The bullish recovery sees the market trade in fresh 2.5-month highs.
The S&P 500 breaks above the 3000 critical resistance.

Flavio Tosti Independent Analyst

S&P 500 daily chart

Following the February-March crash, the S&P 500 is recovering most of its losses. The index is trading in fresh 2.5-month highs above the main SMA on the daily chart. As buyers broke the critical 3000 mark, a run to the 3075/3100 price zone in the medium-term cannot be ruled out. On the other hand, support can emerge the 2960 and 2900 levels initially.

Additional key levels

SP 500

Overview
Today last price	3023
Today Daily Change	31.50
Today Daily Change %	1.05
Today daily open	2991.5

Trends
Daily SMA20	2900.08
Daily SMA50	2744.26
Daily SMA100	2963.84
Daily SMA200	3007.07

Levels
Previous Daily High	2993.5
Previous Daily Low	2959
Previous Weekly High	2982.5
Previous Weekly Low	2874.5
Previous Monthly High	2974
Previous Monthly Low	2436.25
Daily Fibonacci 38.2%	2980.32
Daily Fibonacci 61.8%	2972.18
Daily Pivot Point S1	2969.17
Daily Pivot Point S2	2946.83
Daily Pivot Point S3	2934.67
Daily Pivot Point R1	3003.67
Daily Pivot Point R2	3015.83
Daily Pivot Point R3	3038.17

Author

Flavio Tosti

Independent Analyst

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