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  • The S&P500 Index printed a new record high this Thursday.
  • The Index is trading well above its rising and widening 50, 100 and 200-day simple moving averages (DMA) while the RSI, MACD and Stochastics remain bullish.
  • The next targets are seen near 2,938.00 and 2,950.00 (161.8% Fibonnacci extension (Aug-Sept, high/low).

 
S&P500 daily chart

Spot rate:                  2,933.25
Relative change:       0.83%      
High:                         2,933.50
Low:                          2,906.25

Main trend:               Bullish

Resistance 1:           2,938.00, 138.2% Fibonnacci extension (Aug-Sept, high/low)
Resistance 2:           2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Resistance 3:           3,000.00 round figure

Support 1:                2,917.00 August 29 high
Support 2:                2,900.00 figure
Support 3:                2,877.00 January swing high
Support 4:                2,863.75 August 7 high
Support 5:                2,853.00 August 9 low