- S&P500 is pulling back slightly after reaching an all-time high last Thursday.
- S&P500 found some buying interest near 2,917.00 (August 29 high) as the bulls are keeping the main bull trend intact. The 50, 100 and 200-day simple moving averages rising and widening while the RSI, MACD and Stochastics are in positive territories.
- Bull targets might be located neart 2,938.00 and 2,950.00.
S&P500 daily chart
Spot rate: 2,921.00
Relative change: -0.14%
High: 2,923.75
Low: 2,912.50
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