S&P500 INDEX - S&P 500 Exposed to Another New-High - Rose Almost 1% - 11/29/2017 (GMT)

The S&P 500 index posted a fresh all-time high at 2627.38 on Tuesday and soared more than 6% following the bounce off the ascending trend line in August. Currently, the index is establishing an upward tendency since December 2016 and now is extending the winning ground. This is the eighth bullish month in a row that is completing and the most probable scenario is a further bullish movement, creating a new high.On a weekly timeframe, the blue-chip index has a strong bullish behavior and the technical indicators are developing within the overbought zones. Going to the short-term chart, the indicators are also holding in extremely positive paths. The RSI indicators jumped above the 70 level and the MACD oscillator is moving above the trigger line.