S&P500 Technical Analysis: Topish and bullish

• Bulls are keeping the S&500 Index near its all-time-high.
• The market is in a rising wedge and it broke above the bullish trendline suggesting that it is going too far too fast. However, there is no sign of exhaustion and the only way is up for now.  
• Targets are likely located near 2,917.00 (August 21-22 bear leg 261% Fib. extension) and 2,930.00 figure.  

S&P500 daily chart

Spot rate:                  2,899.00
Relative change:        -0.29%      
High:                         2,911.75
Low:                          2,885.50

Main trend:               Bullish

Resistance 1:           2,917.00, August 21-22 bear leg 261% Fib. extension  
Resistance 2:           2,930.00 figure
Resistance 3:           2,950.00 figure

Support 1:           2,900.00 figure
Support 3:           2,877.00 January swing high
Support 4:           2,863.75 August 7 high
Support 5:           2,853.00 August 9 low