20 Apr 2020
S&P 500 Price Analysis: US stocks consolidate gains while holding above 2800 mark
- S&P 500 index is in 5-week highs testing the 50 SMA on the daily chart.
- The bullish recovery remains intact as the market consolidates above 2800.
S&P 500 daily chart
The S&P 500 stays bullish printing higher highs and higher lows as the bulls are holding the market above the 2800 support. The market is pulling back slightly but stays biased to the upside with buyers eyeing the 2900 and 3000 round number. On the flip side, the 2800 support should act as support.
Additional key levels