S&P500 has declined more than 3.5% after a minor jump till 2687 on Dec 12th 2018. The decline was due to slightly weak economic data and declining US 10 year yield. The US 10 year yield was at 3.25% and has lost 8% from the high and US 2 year and 5 year yield got inverted. The index has formed temporary bottom around 2588 and any break below confirms further weakness.It is currently trading around 2600.70.
The near term resistance is around 2620 and any break above targets 2641/2686/2720. The index should break 2760 (200- day MA) for further bullishness.
On the lower side, near term support is around 2580 and any break below targets 2559/2537.
It is good to sell on rallies around 2640-45 with SL around 2685 for the TP of 2583/2550.


Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains some ground but outlook is bearish
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: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support 



