Major resistance- 2720
S&P500 has formed a double top around 2820 and shown a massive sell-of in past three trading session. The index has declined more than 6.5% this week. The dip was mainly due to easing US 10 year bond yield and 2 year yield surpasses 5 year(inverted yield curve). S&P500 halted its weakness and shown sharp recovery of more than 3%. Markets eye US Non Farm Payroll data for further direction. It hits high of 2698 and is currently trading around 2.
The near term resistance is around 2700 and any break above targets 2740/2763/280. The index should break 2820 for further bullishness.
On the lower side, near term support is around 2761 (200- day MA) and any break below targets 2740/2718 (20- day MA).
It is good to buy on dips around 2635-40 with SL around 2600 for the TP of 2755.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro- Major Pair levels and bias summary
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro- Major European Indices
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major Crypto levels and bias summary 



