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7 May 2020
S&P 500 Price Analysis: US stocks parked just below the 2900 resistance
- The bullish recovery from mid-March stays intact.
- The level to beat for bulls is the 2900 resistance.
S&P 500 daily chart
As the S&P 500 is making higher highs and lows, the bullish recovery from mid-march stays intact. Buyers are looking for a daily close above the 2900 level en route towards the 2950 level and 3000 big figure. Conversely, support can be seen near the 2850 and 2800 levels.
Additional key levels