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  • The S&P 500 is trading at levels not seen since early March 2020. 
  • The level to beat for buyers is the 3075 resistance. 

S&P 500 daily chart

The S&P 500 is gaining steam above the main SMAs as the market is printing fresh 3-month highs. As bulls stay firmly in control while breaking above the 3075/3100 price zone, the market can be headed towards the 3180 and 3267 levels in the medium-term. On the flip side, support can emerge near the 3075 and 3000 levels initially.

Additional key levels