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S&P500 Technical Analysis: US Stocks jumping to a new 2019 high

S&P500 daily chart

  • The S&P500 is trading above its main simple moving average suggesting bullish momentum.


 S&P500 4-hour chart

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


 

S&P500 60-minute chart

  • The S&P500 is trading above its main SMAs suggesting bullish momentum in the short-term.
  • The break above 2,850.00 resistance is opening the gates to the 2,890.00 level.
  • Support is at 2,850.00 and 2,840.00 level

https://editorial.azureedge.net/miscelaneous/30-636887981280171436.png


Additional key levels

 

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