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  • S&P 500 bullish recovery from mid-March stays intact.
  • The level to beat for bulls is the 3000.00 mark.
 

S&P 500 daily chart

 
After the February-March crash, the S&P 500 has been gathering bullish momentum. The market is testing the May’s highs and the 100 SMA on the daily chart. As buyers remain firmly in control a run to the 3000.00 round number should be on the cards. Further advances above the mentioned level can see the S&P 500 approaching the 3075/3100 price zone. On the flip side, support can be seen near the 2950 and 2900 levels.
  
 

Additional key levels