• Major resistance – 2326 (161.8% retracement of 2303.70 and 2266.70)
   
• Major support - 2265
   
• Pattern formed – Bearish Divergence (RSI and MACD).
   
• S&P500 broken major trend line resistance 2315 and jumped till 2321 at the time of writing. It is currently trading around 2317.20.
   
• The index major resistance is around 2326 and any violation confirms bullish continuation. Break above will take the index till 2339 (161.8% retracement of 2137 and 1810)/2350.
   
• On the lower side, support is at 2295 (7 –day MA) and any break below will drag the index down till 2285 (21- day EMA)/2267 (Jan 31st low).
  
  It is good to sell on rallies around 2318-2320 with SL around 2327 for the TP of 2296/2285