fxs_header_sponsor_anchor

News

S&P500 Technical Analysis: Raging bulls hit a new all-time-high at 2,877.00

  • The S&P500 reached a new all-time-high this Friday by reaching 2,877.00.
  • The S&P500 is having a triangle consolidation and given the bullish momentum it is likely that bulls break to the upside and target 2,880.00 and 2,990.00 figure in the near future.
  • A bear breakout below 2,855.00 would invalidate the bullish bias. 

S&P500 15-minute chart

Spot rate:                  2,876.25
Relative change:       0.66%     
High:                         2,877.00
Low:                          2,856.25

Main trend:               Bullish

Resistance 1:           2,877.00 all-time-high
Resistance 2:           2,880.00 figure
Resistance 3:           2,890.00 figure

Support 1:           2,863.75 August 7 high
Support 2:           2,853.00 August 9 low
Support 3:           2,843.00 August 13 high
Support 4:           2,835.25 August 6 low
Support 5:           2,825.00 August 3 low
Support 6:           2,800.00 figure
Support 7:           2,798.50 July 30 low
Support 8:           2,765.00 July 11 low

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.