- The S&P500 is pulling back above the 2,900.00 level.
- The S&P500 is trading well above its rising and widening 50, 100 and 200-period simple moving averages suggesting a strong bullish bias. The RSI, MACD and Stochastics indicators are slightly slowing down.
- A continuation of the consolidation can lead to 2,900.00 figure and 2,877.00 January swing high.
S&P500 daily chart
Spot rate: 2,915.50
Relative change: -0.03%
Main trend: Bullish
Resistance 1: 2,917.00 August 29 high
Resistance 2: 2,938.00, 138.2% Fibonnacci extension (Aug-Sept, high/low)
Resistance 3: 2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Resistance 4: 3,000.00 round 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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.