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S&P500 Technical Analysis: US Stocks are soaring and nearing the all-time high

S&P500 daily chart

  • The S&P500 index is trading in a bull trend above its main simple moving averages (SMAs).
  • The index is nearing the all-time high at 2,939.50 price level.

S&P500 4-hour chart

  • The S&P500 is trading above its main SMAs suggesting bullish momentum the medium-term.

S&P500 60-minute chart

  • The S&P500 is trading above its 50 and 100 SMAs as the market is surging near the 2,940.00 resistance. A break above it would open the doors to the 2,970.00 level.
  • Support is at 2,820.00 and 2,910.00 level.

Additional key levels

 

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