S&P 500 Asia Price Forecast: US stocks holding above the 3000 figure

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  • The bullish recovery stays intact as the S&P 500 holds above the 3000 mark.
  • The level to beat for buyers is the 3075 resistance. 
 

S&P 500 daily chart

 
Following the Corona crash which took place in February-March, the S&P 500 is bouncing up sharply. The index is holding in 2.5-month highs above the 3000 mark and the main SMA on the daily chart. As bulls stay firmly in charge, the S&P 500 is eyeing the 3075/3100 price zone as well as the 3180 level in the medium-term. On the other hand, support can be seen near the 3000, 2960 and 2900 levels initially.
 
   

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