S&P500 Technical Analysis

• The S&P500 is evolving in a bullish channel with rising and widening simple moving averages. 

• After overshooting above the bullish trendline the market is finding support just above it. Although the market is quite topish with a rising wedge and a trendline overshot the trend is your friend and there is no sign of a top just yet.

• Targets are seen at 2,917.00 and 2,930.00 figure. 

S&P500 daily chart

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