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6 May 2020
S&P 500 Price Analysis: US stocks parked below the 2900 resistance
- The bull-run from mid-March remains intact.
- The level to beat for buyers is the 2900 resistance.
S&P 500 daily chart
After the S&P 500 Index gapped down on Monday it found some support near the 2800 figure. This market is still printing higher highs and lows suggesting that the bullish recovery from mid-march remains intact. Bulls will be looking for a daily close above the 2900 level en route towards the 2950 level and 3000 big figure. On the flip side, support can emerge near 2850 and the 2800 figure.
Additional key levels