- The S&P500 Index is in consolidation phase after making new all-time-highs in the last weeks.
- The Index is holding above 2,877.00 January swing high and the bull trendline which is rather bullish.
- However, the RSI, MACD and Stochastics indicators are starting to show some sign of weakness and a deeper correction might be just around the corner with 2,853.00 (August 9 low) as support to the downside.
S&P500 daily chart
Spot rate: 2,879.50
Relative change: 0.25%
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
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 securities. 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 Forex 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.