Friday, 12 June 2020, was a volatile day with 100 points intraday range between the day high and day low, and the futures tested the 3000-3020 level multiple times, and finally closed above 3020, which is the 200 day SMA, and that was a positive outcome.

3180 is the strong resistance on the upside. Traders should stay long above 3000 for target 3180. Thanks.

The S&P500 futures closed at 3057 on Friday. It was volatile week, and they moved in a large range of nearly 100 points this week, with multiple swings of 50-60 points per day, which would be enough to hit stop losses on most traders. Buying at 2980-2990 level and selling at 3020-3030 level paid off multiple times.

Please see the following hourly chart of S&P500 futures, which shows that the futures are in strong uptrend. The futures faced significant resistance at 2880, and above 2880 the futures have been moving higher with relatively less difficulty.

S&P500 Resistance Levels: 3080, 3120

S&P500 Support Levels:3000, 2980.
Absolute stop loss on all long positions is 2960.
For short duration trades, the stop loss is 3000.