S&P500 Technical Analysis: Equities reach new all-time high - 2,950.00 can be the next bull target
|- The S&P500 Index printed a new record high this Thursday.
- The Index is trading well above its rising and widening 50, 100 and 200-day simple moving averages (DMA) while the RSI, MACD and Stochastics remain bullish.
- The next targets are seen near 2,938.00 and 2,950.00 (161.8% Fibonnacci extension (Aug-Sept, high/low).
S&P500 daily chart
Spot rate: 2,933.25
Relative change: 0.83%
High: 2,933.50
Low: 2,906.25
Main trend: Bullish
Resistance 1: 2,938.00, 138.2% Fibonnacci extension (Aug-Sept, high/low)
Resistance 2: 2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Resistance 3: 3,000.00 round figure
Support 1: 2,917.00 August 29 high
Support 2: 2,900.00 figure
Support 3: 2,877.00 January swing high
Support 4: 2,863.75 August 7 high
Support 5: 2,853.00 August 9 low
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