S&P 500 Price Analysis: US stocks surge to highest since late February

The S&P 500 is accelerating to fresh 3.5-month highs as the bulls remain in control. The market is erasing the corona crash as economies are reopening. The bre  |  05/06/2020 18:45
  • The S&P 500 is breaking to 3.5-month highs. 
  • The level to beat for buyers is the 3267 resistance. 
 

S&P 500 daily chart

 
The S&P 500 is accelerating to fresh 3.5-month highs as the bulls remain in control. The market is erasing the corona crash as economies are reopening. The break above the 3180 resistance is introducing scope for a run towards the 3267 and 3369 levels in the medium-term. On the other hand, support can emerge near the 3180 and 3100/75 levels initially. 
 

Additional key levels

 

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