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  • S&P 500 index is trading off its highest in one month while below the 2800 resistance.
  • Further gains can see the S&P 500 hit the 2900 and 3000 figures.   
 

S&P 500 daily chart

 
The S&P 500 rebounded up significantly after the crash as bulls reached the 2800 resistance. However, at the start of the new week buyers are taking a breather as sellers are eyeing the 2700 level on the way down initially. A break above the 2800 resistance should introduce scope for further advances with the 2900 and the 3000 price levels on the bulls’ radar. 
 

Additional key levels