S&P500 Technical Analysis: Double bottom above 2,800.00

• The S&P500 found support just above 2,800.00 psychological level as buyers want to resume the main bull trend.  
• The double bottom is suggesting a measured move to 2,843.00 August 13 high.  
• A bear breakout below 2,800.00 would invalidate the bullish bias.

S&P500 15-minute chart  

Spot rate:                  2,822.25
Relative change:       -0.69%      
High:                         2,842.00
Low:                          2,802.50

Trend:                       Bullish  

Resistance 1:           2,825.00 August 3 low
Resistance 2:           2,835.25 August 6 low
Resistance 3:           2,843.00 August 13 high
Resistance 4:           2,853.00 August 9 low
Resistance 5:           2,863.75 August 7 high

Support 1:                2,800.00 figure
Support 2:                2,798.50 July 30 low
Support 3:                2,765.00 July 11 low