Chart pattern- Double top (2900 level)
S&P500 is trading lower after a minor pullback till the 2894 level. The minor trend remains on the downside as long as resistance 2900 holds. The index has formed a temporary top around 3392 and started to decline from that level. It is currently trading around 2871.6.
The near term support stands at 2850 (200-H MA), any closing below on an hourly basis will drag down till 2823 (61.8% fib)/2798. The major sell-off will happen only if it breaks 2779 (May 3rd low).
The immediate resistance is around 2900, any indicative break above targets 2926/2950/2972.
It is good to sell on rallies around 2885-90 with SL around 2929 for the TP of 2802/2780.


GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro- Major European Indices
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro: GBP/USD stuck in range but maintains bearish bias
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 



