- The S&P500 is having a small pullback down after reaching a new all-time high this Thursday.
- The trend remains strongly bullish with the 50, 100 and 200-day simple moving averages rising and widening while the RSI, MACD and Stochastics are in positive territories.
- Small pullbacks can find support near 2,917.00 (August 29 high) and 2,900.00 figure.
S&P500 daily chart
Spot rate: 2,925.00
Relative change: -0.28%
High: 2,939.50
Low: 2,924.75
Main trend: Bullish
Resistance 1: 2,938.00, 138.2% Fibonnacci extension (Aug-Sept, high/low)
Resistance 2: 2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Resistance 3: 3,000.00 round figure
Support 1: 2,917.00 August 29 high
Support 2: 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