- Bulls keep extending the longest run ever in US equities.
- The S&P500 Index is evolving above its 50, 100 and 200-period simple moving averages which are all rising and widening while the RSI, MACD and Stochastics indicators point to higher prices.
- The next objective for bulls is to retake the all-time-high and to push towards 2,938.00 and 2,950.00.
S&P500 daily chart
Spot rate: 2,909.00
Relative change: 0.11%
High: 2,911.00
Low: 2,898.50
Main trend: Bullish
Resistance 1: 2,917.00 all-time-high
Resistance 2: 2,938.00, 138.2% Fibonnacci extension (Aug-Sept, high/low)
Resistance 3: 2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Support 1: 2,900.00 figure
Support 2: 2,877.00 January swing high
Support 3: 2,863.75 August 7 high
Support 4: 2,853.00 August 9 low