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. 

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

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