S&P 500 Price Analysis: US stocks parked below the 3000 mark

S&P 500 bullish recovery from mid-March remains intact.
The level to beat for buyers is the 3000 mark.

Flavio Tosti Independent Analyst

S&P 500 daily chart

Following the February-March collapse, the S&P 500 has been recovering most of its losses. The market is hovering near the May’s highs and the 100 SMA on the daily chart. As bulls stay firmly in control, a run to the 3000 figure could be on the cards. Further gains above the mentioned level can see the S&P 500 reach the 3075/3100 price zone in the medium-term. On the other hand, support can be seen near the 2900 and 2850 levels.

Additional key levels

SP 500

Overview
Today last price	2942.25
Today Daily Change	0.75
Today Daily Change %	0.03
Today daily open	2941.5

Trends
Daily SMA20	2888.14
Daily SMA50	2727.33
Daily SMA100	2969.1
Daily SMA200	3006.02

Levels
Previous Daily High	2977.75
Previous Daily Low	2938.25
Previous Weekly High	2955.5
Previous Weekly Low	2768
Previous Monthly High	2974
Previous Monthly Low	2436.25
Daily Fibonacci 38.2%	2953.34
Daily Fibonacci 61.8%	2962.66
Daily Pivot Point S1	2927.25
Daily Pivot Point S2	2913
Daily Pivot Point S3	2887.75
Daily Pivot Point R1	2966.75
Daily Pivot Point R2	2992
Daily Pivot Point R3	3006.25

Author

Flavio Tosti

Independent Analyst

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