S&P500 Technical Analysis: And the bull party goes on
|S&P500 daily chart
- The S&P500 index is trading in a bull trend above its main simple moving averages (SMAs).
- The index is nearing a key level at 2,940.00.
S&P500 4-hour chart
- The S&P500 is trading above its main SMAs suggesting a bullish bias in the medium-term.
- The S&P500 is trading above its main SMAs as the bull trend is intact for now.
- Bulls broke above 2,910.00 exposing 2,930.00 and 2,940.00 resistances to the upside.
- Looking down, investors can expect support at 2,910.00; 2,900.00; 2,890.00 and 2,880.00 level.
Additional key levels
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