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17 Feb 2020
S&P 500 Asia Price Forecast: Index prints fresh all-time high
- The S&P500 uptrend remains intact as the market is pushing to new all-time highs.
- The level to beat for bulls is the 3400 resistance.
S&P500 daily chart
The S&P500 Index is trading in an uptrend above its main daily simple moving averages (SMAs). The market is grinding up, printing fresh all-time high while approaching the 3400 figure. A break above the above-mentioned level could lead to a bullish extension towards 3450 and the 3500 figure. Support is seen near 3350 and 3300 levels.
Additional key levels