S&P500 continues to trade lower and lost more than 2.5% in past two trading days.In previous month the index declines more than 7.5% on account of renewed trade war and declining US bond yield. US bond yield is trading lower and hits 20-month low .The yield curve has inverted and spread between 10 year and 3 month has widened by 20 basis point from 10 basis point. The index hits intraday low of 2731 and is currently trading around 2745.70.
On the higher side, major support is around 2720 and any violation below will drag the index down till 2700/2680.
The near term resistance is around 2772 (20-- day MA) and any indicative break above will will take the S&P500 index till 2800/2823/2851/2890.
It is good to sell on rallies around 2775-80 with SL around 2801 for the TP of 2681.


FxWirePro: GBP/USD weakens as escalating Middle East tensions weighs on sterling
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies pivot (Major)
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro- Major Crypto levels and bias summary 



