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.
 

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

 

 

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