16 Apr 2020
S&P 500 New York Price Forecast: The bullish recovery remains intact
- S&P 500 index is near one-month highs, around the 2800 level.
- The bullish recovery remains intact as bulls are eying a break of the 2800/2850 resistance zone.
S&P 500 daily chart
The S&P 500 is consolidating its impressive recovery while battling with the 2800 level. The market is still making higher highs and lows but remains below the main SMAs on the daily chart. A daily close above the 2800/2850 resistance zone can introduce scope to the 3000 price levels. Conversely, support can be expected near 2700 and 2630 levels.
Additional key levels