S&P500 Technical Analysis: Bulls try to find support above 2,900.00 figure

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  • The S&P500 is in a bull trend. 
  • The S&P500 is consolidating sideways above the 200-period simple moving averages while the RSI and Stochastics indicators remain constructive for further upside.
  • Resistances are to be expected near 2,917.00 August 29 high, the 2,939.50 level (all-time high) and 2,950.00 while support can be expected near 2,900.00 figure and 2,877.00 (January swing high).

S&P500 4-hour chart


	S&P500 Technical Analysis: Bulls try to find support above 2,900.00 figure

Spot rate:                  2,905.50
Relative change:       0.01%     
High:                         2,919.00
Low:                          2,883.50

Main trend:               Bullish

Resistance 1:           2,917.00 August 29 high
Resistance 2:           2,939.50 all-time high
Resistance 3:           2,950.00, 161.8% Fibonnacci extension (Aug-Sept, high/low)
Resistance 4:           3,000.00 round figure

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

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