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  • 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

Expert score

5

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