- The S&P500 hit yet again a new all-time-high at 2,905.50.
- The market is trading within a bull channel with rising 100 and 200-period simple moving averages. The trend is healthy and bulls might well reach 2,917.00 and 2,930.00 figure.
S&P500 15-minute chart
Spot rate: 2899.75
Relative change: 0.04%
High: 2,905.50
Low: 2,894.00
Main trend: Bullish
Resistance 1: 2,900.00
Resistance 2: 2,917.00, August 21-22 bear leg 261% Fib. extension
Resistance 3: 2,930.00 figure
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
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