Home S&P 500 Price Analysis: US stocks retreat to 2900 level

S&P 500 Price Analysis: US stocks retreat to 2900 level

Published date: 30 Apr. 2020 | 20:02

S&P 500 bullish recovery is taking a breather.
The level to beat for bulls remains the 2950 resistance.

S&P 500 daily chart

After breaking above the 2950 level the index is pulling back to the 2900 support level. However, the bullish recovery remains strong and the market is expected to hold above this level and resume its advances towards the 2950 and 3000 levels. Support is expected to emerge near 2900 and 2855 price levels.

Additional key levels

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