- Pattern - Channel pattern
- S&P500 was trading in narrow channel for the past Seven trading session between 2070 and 2100 level.
- It has broken major resistance 2100 and closed around 2101 yesterday. Short term trend is still bullish as long as support 2080 holds.
- The ISM manufacturing index data released yesterday was very much weaker than expected. But the weaker ISM data won't dissuade Federal policy makers from raising interest rates.
- Market awaits Fed chairman Yellen speech, ECB monetary policy and US Nonfarm payroll data this week for further direction.
- Technically the index is facing strong resistance around 2108 and break above will take the index till 2115/2120 level.
- On the downside major intraday support is around 2090 and break below targets 2080/2070.
It is good to buy at dips around 2090 with SL around 2078 for the TP of 2108/2120


FxWirePro: NZD/USD drifts lower as markets await US inflation data
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish at 100, USDCAD Extremely Bearish at -100 – Key Major Levels to Watch
FxWirePro : USD/JPY holds near 160 as yen remains under pressure
Major Crypto Pair Crypto Score: BNBUSD Extremely Bullish at 100, Dominating as XRPUSD Turn Deeply Bearish
Nikkei Blasts Past 67K: AI Chip Frenzy Ignites 9% Surge From Yen Intervention Bottom
FxWirePro: USD/CAD hits two-month low as oil prices rise
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro: USD/ZAR eyes downside as dollar eases after US CPI data
FxWirePro: NZD/USD slips as geopolitical and domestic political risks weigh
FxWirePro: EUR/AUD dips as Aussie gains after RBA decision
FxWirePro: USD/JPY steadies around 159.30, bias bullish
JPY Majors Alert: NZDJPY Crashes to 92.81 Low as Brutal Bearish Momentum Explodes – Sell Rallies to 91.80
FxWirePro: EUR/AUD bears maintain upper hand
FxWirePro: AUD/USD drifts back to familiar territory post-US CPI 



