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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


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