S&P500 Technical Analysis: Buyers reloading the guns for another bull leg towards the all-time-high

  • The S&P500 main bull trend remains intact as 2,877.00 support (January swing high) held. 
  • Bulls are surfing along the bull trendline from February 7 as the RSI, MACD and Stochastics indicators are turning bullish once more time. 
  • Bullish targets are located near 2,900.00 figure and 2,917.00 all-time-high.

S&P500 daily chart

Spot rate:                  2,890.00

Relative change:      0.36%     
High:                         2,892.75
Low:                          2,867.50

Main trend:               Bullish

Resistance 1:           2,900.00 figure
Resistance 2:           2,917.00 all-time-high
Resistance 3:           2,930.00 figure
Resistance 4:           2,950.00 figure

Support 1:           2,877.00 January swing high
Support 2:           2,863.75 August 7 high
Support 3:           2,853.00 August 9 low

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