15 Apr 2020
S&P 500 Price Analysis: US stocks dip, bullish recovery stays intact
- S&P 500 index is trading off one-month highs, just below the 2800 level.
- The bullish recovery stays intact and can extend to the 2900 and 3000 figures.
S&P 500 daily chart
The S&P 500 is pulling back modestly on Wednesday, however, the bullish recovery remains intact as the market is still printing higher highs and higher lows. A daily close above the 2800 level can introduce scope to the 2900 and 3000 price levels. On the flip side, support should emerge near 24700 and 2630 levels.
Additional key levels