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  • The S&P 500 retreated slightly this Monday, however, the main trend remains intact.  
  • The market is trading well-above the rising and widening 50, 100 and 200-day simple moving averages and 2,877.00 (January swing high).
  • The RSI and the MACD are starting to decelerate and the bulls will need to break above the all-time-high in order to resume making higher highs.    

S&P500 daily chart

Spot rate:                  2,905.50
Relative change:       0.04%      
High:                         2,911.75
Low:                          2,896.25

Main trend:               Bullish

Resistance 1:            2,900.00 figure
Resistance 2:            2,917.00 all-time-high
Resistance 3:            2,930.00 figure
Resistance 4:            2,950.00 figure

Support 1:                 2,877.00 January swing high
Support 2:                 2,863.75 August 7 high
Support 3:                 2,853.00 August 9 low

Expert score

5

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