Apr 23, 2019
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