S&P 500 Price Analysis: US stocks in bullish territories in one-month highs

  • S&P 500 index is trading at its highest in one month while breaking above the 2800 resistance.
  • Further advances can see the S&P 500 reach 2900 and 3000 figures.   
 

S&P 500 daily chart

 
The S&P 500 is rebounding up strongly after the crash as bulls are breaking above the 2800 resistance opening the prospect for a continuation higher towards the 2900 and 3000 big figure. Support can emerge near the 2700 and 2630 and 2540 levels. 
 

Additional key levels 

 

United States Baker Hughes US Oil Rig Count dipped from previous 562 to 504

United States Baker Hughes US Oil Rig Count dipped from previous 562 to 504
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