Watch These S&P 500 Levels After Index Hits 6,000 Points For First Time Since February
Key Takeaways
- The S&P 500 surpassed the 6,000-point mark on Friday, extending a rally for stocks that’s been fueled by optimism about strong corporate earnings and economic data, as investors await further developments on the trade front.
- The benchmark index broke out from a pennant pattern last week, indicating a continuation of its recent move higher, while the relative strength index confirms bullish momentum.
- Investors should track key overhead areas on the S&P 500’s chart around 6,100 and 6,575, while also watching major support levels near 5,770 and 5,650.
The S&P 500 (SPX) surpassed the 6,000-point mark last week for the first time since February, extending a rally for stocks that’s been fueled by optimism about strong corporate…
