S&P500 Technical Analysis: US Stocks snap back up and close above 2,800.00 figure

• The S&P500 had a strong bull move above 2,800.00 this Tuesday after last week crash. 
• Bulls seem determined to resume the bull trend and they will have to keep the market above the 200-day simple moving average in order to create a strong base.
• The RSI, MACD and Stochastic indicators are recovering from oversold condition but bulls will need to reclaim the 100 and 50 SMA in order to get out of the woods. 

S&P500 daily chart

Spot rate:                  2,815.00
Relative change:       2.52%     
High:                         2,817.50
Low:                          2,751.75

Main trend:               Bullish
Short-term trend:      Bearish

Resistance 1:           2,834.25 current October 10 low
Resistance 2:           2,853.00 August 9 low
Resistance 3:           2,863.75 August 7 high
Resistance 4:           2,877.00 January swing high
 
Support 1:                2,800.00 figure
Support 2:                2,763.50 July 11 low
Support 3:                2,718.75 April 17 high
Support 4:                2,710.00 October 11 low
Support 5:                2,700.00 figure
Support 6:                2,647.25 March 2 low