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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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