SP500 (a 4-hour chart)
S&P500 grew following the positive U.S labor report and strong corporate earning which gains led the index higher. Besides, energy sector strengthened on the back of oil growth.
Bulls still control the market. The index grew and set a fresh high at the mark 2184.4. The resistance is seen at 2180, the support is at 2165.
The MACD remained at the same level which confirms the strength of buyers. RSI returned to the overbought area.
The S&P500 bounced from the 50-EMA in the 4 hours chart and moved away from it. The moving averages are trending higher which is a buy signal.
The index shall continue growing on the back of the positive U.S statistics. The 50 and 100 EMAs will act as a support. The instrument will move back and forth between the current resistance 2180 and the 50 and 100 EMAs.