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S&P500 Technical Analysis: Stocks hit yet again a new all-time-high

  • 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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