S&P500 Technical Analysis: Raging bulls are back as they are approaching the all-time-high
|- The S&P500 bull trend is intact as the Index is very close to its all-time-high.
- The 50, 100 and 200-day simpe moving averages are rising and widening which is is bullish. The RSI and the Stochastics indicators are bullishly configured and are pointing to more gains 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: 2,904.25
Relative change: 0.59%
High: 2,906.25
Low: 2,884.25
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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