S&P500 Technical Analysis: US Stocks running into 2,800.00 figure

• The S&P500 is trading in a bull trend above its 200-day simple moving average.  
• The S&P500 is erasing part of the losses seen in the October crash. The market is now testing the 2,800.00 figure. The RSI, MACD and Stochastic indicators are pointing to more gains. However, bulls would need to close above the 2,800.00 figure.  
• The next bull targets to the upside are likely located near 2,834.25 (October 10 low) and 2,853.00 (August 9 low).  

S&P500 daily chart

Main trend:               Bullish
 
Resistance 1:           2,800.00 figure
Resistance 2:           2,834.25 October 10 low
Resistance 3:           2,853.00 August 9 low

Support 1:                2,763.50 July 11 low
Support 2:                2,718.75 April 17 high
Support 3:                2,700.00 figure
Support 4:                2,647.25 March 2 low
Support 5:                2,600.00 figure
Support 6:                2,530.75, 2018 low

Additional key levels at a glance: