S&P500 Technical Analysis: Stocks supported just above 2,877.00 key level and trendline

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  • The recent pullback from the all-time-high extended on Thursday.
  • The market traded below 2,877.00 key level but didn’t manage to close below suggesting that the support might still act as support on Friday. Additionally, the market found support at the bullish trendline. 
  • Targets to the upside can be located near 2,917.00 all-time-high and 2,930.00 figure. 

S&P500 daily chart


	S&P500 Technical Analysis: Stocks supported just above 2,877.00 key level and trendline

Spot rate:                  2,877.50

Relative change:      -0.42%     
High:                         2,892.00
Low:                          2,863.25

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

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