- Major resistance – 2060 (trend line joining 2116 and 2106)
- Major support 2024 (trend line joining 1922 and 1968)
- S&P500 has retreated after making a high of 2057. It is currently trading around 2030.
- Short term trend is slightly bearish as long as resistance 2060 holds.
- Any break above 2060 will take the index up to 2075/2084/2105 in short term. The minor resistance is around 2040/2050 level.
- On the lower side any break below 2024 will drag the index down till 2005/1968.
- StochRsi- Sell
- MACD- Sell
It is good to sell on rallies around 2030-2035 with SL around 2060 for the TP of 2002/1968
