S&P500 has jumped more than 30 points yesterday on slightly easing trade tension between US and China. The index hits high of 2687 and has closed above 10- day MA (2675). S&P500 has formed temporary top around 2818 and lost more than 150 points. It is currently trading around 2690 0.20% higher.
On the higher side, near term resistance is around 2700 and any break above targets 2715/2747. The index should break above 2761 (200- day MA) for further bullishness.
The near term support is around 2660 and any violation below targets 2645/2626 level. The index should close below 2600 for further weakness
It is good to buy on dips around 2665-70 with SL around 2625 for the TP of 2760.
