- The S&P500 is in a bull trend.
- The S&P500 is consolidating sideways above the 200-period simple moving averages while the RSI and Stochastics indicators remain constructive for further upside.
- Resistances are to be expected near 2,917.00 August 29 high, the 2,939.50 level (all-time high) and 2,950.00 while support can be expected near 2,900.00 figure and 2,877.00 (January swing high).
S&P500 4-hour chart
Spot rate: 2,905.50
Relative change: 0.01%
High: 2,919.00
Low: 2,883.50
Main trend: Bullish
Resistance 1: 2,917.00 August 29 high
Resistance 2: 2,939.50 all-time high
Resistance 3: 2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Resistance 4: 3,000.00 round figure
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