S&P trades at the highest level since Jan 6th

High today takes out the March high

The S&P index is trading near the highs of the day. Up 1.03% and in the process is above the prior March high of 2009.13. The price is trading at the highest level since January 6th. The index closed at 2043.94 at the end of the year. So there is still some work to do to get to unchanged.

In the way of the unchanged level, is the 200 day MA and a topside trend line that cuts across near that MA level. The 200 day MA is at 2019.86. The trend line cuts across at 2018.48 today. That should be a tough resistance level on a test. Be aware.