S&P500 Technical Analysis: Investors playing it shy just below the all-time high

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S&P 500 monthly chart

  • The market is just trading below 2,935.50, the all-time high established in January this year. 
  • A break above the level would send the index in uncharted territory. 

S&P500 daily chart

  • If buyers break above 2,935.50 they would likely open the gates to 2,970.00 and the 3,000.00 psychological level.
  • To the downside, support is seen at 2,900.00 and 2,860.00 level.

Additional key levels

 

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