S&P500 was trading higher for the past 7 months and jumped more than 650 points from low of 2334. The index hits a fresh all-time high of 3019 on Jul 15th, 2019 and lost more than 250 points on US-China trade war escalation. It hits an intraday low of 2773 and recovered more than 3% and is currently trading around 2853.
On the flip side, major support is at 2791 (200-day MA) and any daily close below will drag the S&P500 till 2728/2680.
The near term resistance is around 2870 (38.2% fib) and any violation above will take the index till 2903/2930.
It is good to buy on dips around 2800 with SL around 2770 for the TP of 2900.
