S&P 500 edges to new multi-year highs, levels to watch

theflyonthewall.com

The index is at the highs of the session at time of writing, last at 1511.42. Next resistance is at 1517.53. There is significant historical resistance in the 1520 area, which will be the next big hurdle for the bulls to overcome technically. Support is at 1505.85. All sectors in the index are in positive territory. Only a handful of names, such as Apple (AAPL) are lagging. Leadership is evenly distributed, with Utilities and Energy the relative laggards.

View Comments