S&P500 Technical Analysis: There is room to the upside

S&P500 daily chart

• The S&P500 index is trading above its main simple moving averages (SMAs) suggesting bullish momentum.

S&P500 4-hour chart

• The S&P500 is trading above its main SMAs suggesting a bullish bias in the medium-term.

S&P500 60-minute chart

• The S&P500 dipped shortly below 2,886.00 support and the 50 SMA.  
• There is still room for another leg up to 2,910.00 resistance.
• To the downside, support is at 2,886.00 and 2,870.00 level.

Additional key levels