S&P500 Technical Analysis: US Stocks en route towards the 2,890.00 level

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 a bullish bias 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.
• A break above 2,870.00 can drive the market to 2,890.00 and 2,910.00 resistance.
• To the downside, support is at 2,850.00 and 2,830.00 level.

Additional key levels