The S&P 500 is grinding higher only slowly, and that could become a problem



New all-time highs have already been registered by the Nasdaq Composite Index

COMP, +0.77%

the NASDAQ-100

NDX, +0.94%

QQQ, +0.91%

 and the Russell 2000

RUT, +0.38%

IWM, +0.47%

However, the S&P 500 index

SPX, +0.24%

and the Dow Jones Industrial Average

DJIA, -0.08%

 haven’t even exceeded their March and February highs, respectively. Hence, they are playing catch-up. It seems likely that the S&P will indeed move to new all-time highs as well, but nothing is ever certain in the stock market.

The S&P has resistance at its March highs, at 2,800. Beyond that, there is resistance at the all-time highs at 2,870. The index has been steadily rising since its strong, positive


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This article originally appeared here via Google News