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FxWirePro- Major Pair levels and bias summary 
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S&P500 shown a huge decline of more than 2% yesterday and hits low of 2632.The index has lost more than 6.5% from the temporary top of 2818 made on Nov 7th 2018. The index is facing major support at 2600 and any further break below confirms bearish continuation. S&P500 has formed temporary bottom at 2603 and shown a more than 8% jump till 2818.
On the higher side, near term resistance is around 2675 (23.6% fib) and any break above targets 2700/2720 (20 day MA)/2763 (200 day MA). Minor bullishness only above 2763 and any break above targets 2795/2820. The index should break above 2820 for further bullishness.
The near term support is around 2630 and any break below targets 2600. The index should break below 2600 for trend reversal.
It is good to sell on rallies around 2675-80 with SL around 2710 for the TP of 2603.
