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  • The bullish recovery keeps the S&P 500 in 2.5-month highs. 
  • The S&P 500 is about to kick off the New York session above the 3000 key level.

S&P 500 daily chart

Following the crash seen in February-March, the S&P 500 is bouncing up sharply while regaining most of the losses. The market is pushing up in 2.5-month highs above the main SMA on the daily chart. The index broke above the 3000 critical resistance which can be seen as a positive sign. As bulls remain firmly in control, the market is looking at the 3075/3100 price zone and the 3180 resistance in the medium-term. On the other hand, support can be seen near the 3000, 2960 and 2900 levels initially.

Additional key levels