S&P500 Technical Analysis: And the bull party goes on

S&P500 daily chart

• The S&P500 index is trading in a bull trend above its main simple moving averages (SMAs).
• The index is nearing a key level at 2,940.00.

S&P500 4-hour chart

• The S&P500 is trading above its main SMAs suggesting a bullish bias in the medium-term.

S&P500 60-minute chart

• The S&P500 is trading above its main SMAs as the bull trend is intact for now.
• Bulls broke above 2,910.00 exposing 2,930.00 and 2,940.00 resistances to the upside.
• Looking down, investors can expect support at 2,910.00; 2,900.00; 2,890.00 and 2,880.00 level.

Additional key levels