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26 May 2020
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.
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