S&P500 Technical Analysis: Ending the day in the red just below 2,900 level

• The S&P 500 retreated slightly this Monday, however, the main trend remains intact. 
• The market is trading well-above the rising and widening 50, 100 and 200-day simple moving averages and 2,877.00 (January swing high).
• The RSI and the MACD are starting to decelerate and the bulls will need to break above the all-time-high in order to resume making higher highs.   

S&P500 daily chart

Spot rate:                  2,905.50
Relative change:       0.04%     
High:                         2,911.75
Low:                          2,896.25

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