S&P 500: Buyers Keep Stepping In — Every Dip Still Gets BoughtUS SPX 500OANDA:SPX500USDDukesMarketAnalysisBull Market Remains Firmly Intact The S&P 500 continues to demonstrate the strength of its secular bull market, with buyers repeatedly stepping in on short and medium-term pullbacks. August’s push to a new all-time high at 7,821.6 only reinforced that broader bullish structure. Former Resistance Becomes Support The previous resistance zone around 7,600 is now being tested from above. This also lines up closely with the 0.382 Fib at 7,622.2, creating an important area of confluence beneath price. EMAs Continue to Favour the Bulls The 21/8-week EMAs remain bullishly crossed, with both averages continuing to slope higher. Price also remains comfortably above them, keeping the underlying trend firmly in the bulls’ favour. Consolidation Lacks Selling Pressure Volume has steadily decreased as price consolidates above the 7,600 area, suggesting little conviction from sellers so far. RSI remains comfortably above 50, while StochRSI is mid-ranging, leaving momentum relatively neutral in the short term. In Summary The S&P 500 continues to show why fighting this secular bull market has proved so difficult, with buyers repeatedly stepping in on every meaningful pullback. Price is now consolidating around 7,600, where former resistance and the 0.382 Fib provide strong technical confluence. With the 21/8-week EMAs still bullishly crossed and selling pressure remaining subdued, the broader picture continues to favour the upside while buyers keep defending these dips.