S&P500 Technical Analysis: Double bottom above 2,800.00
|- The S&P500 found support just above 2,800.00 psychological level as buyers want to resume the main bull trend.
- The double bottom is suggesting a measured move to 2,843.00 August 13 high.
- A bear breakout below 2,800.00 would invalidate the bullish bias.
S&P500 15-minute chart
Spot rate: 2,822.25
Relative change: -0.69%
High: 2,842.00
Low: 2,802.50
Trend: Bullish
Resistance 1: 2,825.00 August 3 low
Resistance 2: 2,835.25 August 6 low
Resistance 3: 2,843.00 August 13 high
Resistance 4: 2,853.00 August 9 low
Resistance 5: 2,863.75 August 7 high
Support 1: 2,800.00 figure
Support 2: 2,798.50 July 30 low
Support 3: 2,765.00 July 11 low
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