S&P500 has shown a good recovery for the intraday after more than 3.5% decline from high of 2818 made on Nov 7th 2018. The index jumped more than 30 points for the day and hits high of 2747.50 at the time of writing. It is currently trading around 2745.5.
On the higher side, near term major resistance is around 2763 (200 day MA) and any close above confirms minor bullishness. Any break above 2763 targets 2795/2820. The index should break above 2820 for further bullishness.
The near term support is around 2700 and any break below targets 2684/2645/2600. The index should break below 2600 for bearish continuation.
It is good to buy on dips around 2720-25 with SL around 2695 for the TP of 2763/2795.


FxWirePro: AUD/USD slips amid wavering risk sentiment
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro- Major European Indices
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro- Major European Indices
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY falls to three-year high, scope for further downside
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Major Pair levels and bias summary
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock 



