S&P500 Technical Analysis: Bulls gathering strength near the all-time high

FX Street

Updated: 30 Apr. 2019 | 21:37

S&P500 weekly chart

The market is trading near the all-time high at 2,950.00.

S&P500 daily chart

The market is trading above its main SMAs as bulls are pressuring the all-time high.
A bull break above 2,950.00 resistance can send the US stock index in uncharted territory. Buyers will likely target 2,970.00 and the 3,000.00 psychological level.
To the downside, support is seen at 2,900.00 and 2,860.00 level.

Additional key levels

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