- The S&P500 Index ended the day virtually unchanged as bulls didn’t manage to extend the main bull trend as much as they could.
- The The S&P500 Index remains supported above the 2,877.00 level (January swing high) above the 50, 100 and 200-day simple moving average. The RSI and the Stochastics are also looking bullish. Buls want to retest the all-time-high at 2,917.00.
- A bear breakout below 2,863.75 (August 7 high) would be considered as the start of a deeper correction.
S&P500 daily chart
Spot rate: 2,887.25
Relative change: -0.09%
High: 2,895.25
Low: 2,879.75
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