Short term trend Slightly bullish
Major support - 2618 (89- W EMA) and 2640 (trend line support)
S&P500 is trading higher for third consecutive day and jumped more than 130 points from low of 2603. In the past one week index hits high of 2723 on 25th Oct ,2707 (Oct 29th 2018) and after a long consolidation index has broken 2723 and jumped till 2737. It is currently trading at 2718 (0.44% higher).
The index’s near term resistance is around 2745 and any break above targets 2763/2772/2821. Any break above 2821 confirms minor bullishness.
On the lower side, near term support is around 2680 and any break below targets 2640/2618/2600..
It is good to buy on dips around 2675-80 with SL around 2641 for the TP of 2821.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: GBP/NZD reverses course, bias back to downside
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro- Woodies Pivot(Major)
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro- Woodies Pivot(Major)
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 



