S&P500 Technical Analysis: Raging bulls hit a new all-time-high at 2,877.00

The S&P500 reached a new all-time-high this Friday by reaching 2,877.00.
The S&P500 is having a triangle consolidation and given the bullish momentum it is likely that bulls break to the upside and target 2,880.00 and 2,990.00 figure in the near future.
A bear breakout below 2,855.00 would invalidate the bullish bias.

Flavio Tosti Independent Analyst

S&P500 15-minute chart

Spot rate: 2,876.25
Relative change: 0.66%
High: 2,877.00
Low: 2,856.25

Main trend: Bullish

Resistance 1: 2,877.00 all-time-high
Resistance 2: 2,880.00 figure
Resistance 3: 2,890.00 figure

Support 1: 2,863.75 August 7 high
Support 2: 2,853.00 August 9 low
Support 3: 2,843.00 August 13 high
Support 4: 2,835.25 August 6 low
Support 5: 2,825.00 August 3 low
Support 6: 2,800.00 figure
Support 7: 2,798.50 July 30 low
Support 8: 2,765.00 July 11 low

Author

Flavio Tosti

Independent Analyst

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