Will the Rally Continue? The S&P 500 Index Is Approaching All-Time Highs

The S&P 500 Index is coming into resistance (which is looming large) near all-time highs.

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via StockCharts.com.

On the other hand, the Index is nicely above support, and back above its 200-day moving average.

 

Meanwhile, a growing number of issues are back above their 200-day moving averages. Click here to see a live chart of that.

This is a seasonally good time of year for a breakout move like that to happen.

Worth watching.