4 Jun 2020
S&P 500 Price Analysis: US stocks holding in three-month highs
- The S&P 500 is flirting with levels last seen in early March 2020.
- The level to beat for buyers is the 3185 resistance.
S&P 500 daily chart
The S&P 500 is holding above the main SMAs as the market is hovering in fresh 3-month highs. As the buyers stay in charge, a break above the 3180 resistance would introduce scope for a run towards the 3267 level in the medium-term. On the flip side of the coin, support can emerge near the 3100/3075 price zone and the 3000 figure initially.
Additional key levels