S&P500 Technical Analysis: En route to the all-time-high

  • The S&P500 Index is at a stone throw away from the all-time-high. 
  • The S&P500 Index is trading above its 50, 100 and 200- day simple moving averages which are rising and widening, this is considered bullish. The RSI, MACD and Stochastics indicators are also supportive of higher prices 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:                  2,905.50
Relative change:       0.04%     
High:                         2,911.75
Low:                          2,896.25

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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