7 Apr 2020
S&P 500 Price Analysis: US stocks trades in three-week’s highs above 2700 mark
- S&P 500 breaks the 2700 mark to the upside.
- There is potential for further advances towards the 2800 and 2900 figures.
S&P 500 daily chart
The S&P 500 is reversing from the 2020 lows as the market mood is improving across the board. Bulls seem to be back in control as the 2700 resistance got broken to the upside opening scope for a continuation up to the 2800, 2900 and 3000 levels on the way up while support can be expected near the 2700, 2600 and 2540 levels.
Additional key levels