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  • The bullish recovery from mid-March stays intact.
  • The level to beat for bulls is the 2900 resistance.

S&P 500 daily chart

The S&P 500 Index gapped down on Monday and found support near the 2800 figure. The market is printing higher highs and lows suggesting that the bullish recovery from mid-march stays intact. Buyers will be looking for a break above the 2900 level en route towards the 2950 level and 3000 round number. Conversely, support can be expected near 2850 and the 2800 figure. 

Additional key levels