Candlestick pattern- Hammer
S&P500 has recovered more than 3.5% from low of 2588 level made yesterday on US-China trade optimism.US President said that China is buying huge amount of US soybeans and new round of trade talks with Beijing were already under way by telephone. The declining US bond yield and yield curve inversion was putting pressure on US stock markets and S&P500 has lost more than 8% from high of 2818 made on Nov 7 at that time US 10 year yield was trading around 3.25%. S&P500 hits intraday high of 2668.70 and is currently trading around 2666.80.
The near term resistance is around 2680 and any break above targets 2695/2720/2763/280. The index should break 2820 for further bullishness.
On the lower side, near term support is around 2580 and any break below targets 2559/2537.
It is good to buy on dips around 2655-60 with SL around 2620 for the TP of 2755.


NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path 



