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. 

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

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