S&P500 Technical Analysis: Stocks catapulted into uncharted territories – Nearing 2,900.00

• The S&P500 hit yet again a new all-time-high this Monday.
• The Index is trading within a bull channel with rising and widening 50, 100 and 200-period simple moving average all indicating a healthy bull trend. The market is now having a sideways consolidation and everything indicates that prices can continue up from here.
• Upside targets are likely located at 2,910.00 and 2,917.00.  

S&P500 15-minute chart

Spot rate:                  2898.50
Relative change:       0.77%      
High:                         2,898.75
Low:                          2,881.00

Main trend:               Bullish

Resistance 1:           2,880.00 figure
Resistance 2:           2,880.00 figure
Resistance 3:           2,910 trendline
Resistance 4:           2917.00, August 21-22 bear leg  261% Fib. extension  

Support 1:           2,880.00 figure
Support 2:           2,877.00 all-time-high
Support 3:           2,863.75 August 7 high
Support 4:           2,853.00 August 9 low