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S&P500 technical analysis: US stocks hit 2,960.00 new all-time high- is 3,000.00 the next stop?

2019-06-21 05:10

  • The S&P500 hits a new all-time high at 2,960.00. 

  • If the bulls break 2,960.00 resistance the next target can be at 3,000.00



S&P500 daily chart



The S&P500 fit 2,960.00 a new all-time high this Thursday. The market remains bullish above the main daily simple moving averages (DSMAs).





S&P500 4-hour chart



The stock index is trading above its main SMAs suggesting bullish momentum in the medium term. The 50 SMA crossed above the 200 SMA which is a bullish sign. A sustained break above 2,960.00 can lead to 3,000.00. Immediate support can be located at 2,930.00 and 2,910.00.





Additional key levels





 


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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