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  • The S&P500 is having a small pullback down after reaching a new all-time high this Thursday.
  • The trend remains strongly bullish with the 50, 100 and 200-day simple moving averages rising and widening while the RSI, MACD and Stochastics are in positive territories.  
  • Small pullbacks can find support near 2,917.00 (August 29 high) and 2,900.00 figure.  

S&P500 daily chart

Spot rate:                  2,925.00
Relative change:       -0.28%      
High:                         2,939.50
Low:                          2,924.75

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