S&P500 Technical Analysis: Bulls in great shape nearing the all-time-high - 2,938.00 can be next on the radar
|- Bulls came back and keep extending the longest run ever in US equities.
- The S&P500 Index is trading above its 50, 100 and 200-period simple moving averages which are all rising and widening while the RSI, MACD and Stochastics indicators keep being constructive.
- The next objective for bulls will be to retake the all-time-high and to travel towards 2,938.00 and 2,950.00
S&P500 daily chart
Spot rate: 2,905.75
Relative change: 0.56%
High: 2,910.75
Low: 2,879.25
Main trend: Bullish
Resistance 1: 2,917.00 all-time-high
Resistance 2: 2,938.00, 138.2% Fibonnacci extension (Aug-Sept, high/low)
Resistance 3: 2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Support 1: 2,900.00 figure
Support 2: 2,877.00 January swing high
Support 3: 2,863.75 August 7 high
Support 4: 2,853.00 August 9 low
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