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  • 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