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6 Apr 2020
S&P 500 New York Price Forecast: US stocks gap up to 2600 figure
- S&P 500 gaps up to the 2600 level as the week is kicking off.
- S&P 500 remains vulnerable below the 2600/2700 resistance zone.
S&P 500 daily chart
The S&P 500 gaps up however the market remains vulnerable below the 2600/2700 resistance zone as the new week is kicking off. The rebound at the end of March might be categorized as a dead-cat bounce as bears could come back and drive the index to the 2300 and 2200 levels on the way down while resistance could emerge near the 2600/2700 levels.
Additional key levels