13 Apr 2020
S&P 500 Price Analysis: US stocks trading off one-month-highs
- S&P 500 index is trading off its highest in one month while below the 2800 resistance.
- Further gains can see the S&P 500 hit the 2900 and 3000 figures.
S&P 500 daily chart
The S&P 500 rebounded up significantly after the crash as bulls reached the 2800 resistance. However, at the start of the new week buyers are taking a breather as sellers are eyeing the 2700 level on the way down initially. A break above the 2800 resistance should introduce scope for further advances with the 2900 and the 3000 price levels on the bulls' radar.
Additional key levels