S&P500 Technical Analysis: Bulls revisiting 2,948.00 resistance

S&P500 daily chart

• The market is challenging the 2,948.00 resistance.  

S&P500 4-hour chart

• The market is trading above its main SMAs suggesting bullish momentum in the medium-term.

S&P500 30-minute chart

• The index is trading above its main SMAs suggesting bullish momentum in the short-term.  
• The level to beat for bulls is 2,948.00 followed by the all-time high at 2,959.75 and 2,970.00.
• 2,948 can be a strong resistance and failure to breach it can lead the market back to 2,923.00 and 2900.00 support.  

Additional key levels