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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