S&P500 Technical Analysis: En route to the all-time-high
|- The S&P500 Index is at a stone throw away from the all-time-high.
- The S&P500 Index is trading above its 50, 100 and 200- day simple moving averages which are rising and widening, this is considered bullish. The RSI, MACD and Stochastics indicators are also supportive of higher prices ahead.
- Targets to the upside are the all-time-high at 2,917.00 and then we are in unchartered territories.
S&P500 daily chart
Spot rate: 2,905.50
Relative change: 0.04%
High: 2,911.75
Low: 2,896.25
Main trend: Bullish
Resistance 1: 2,917.00 all-time-high
Resistance 2: 2,930.00 figure
Resistance 3: 2,950.00 figure
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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