• Major support – 2320 (Mar 27th low).
   
• S&P 500 made a low of 2321 on Mar 27th 2017 and jumped slightly from that level. The index rised till 2378 and started to decline from that level.
   
• Short term trend is slightly weak as long as resistance 2400 holds.
   
• On the higher side, nearby resistance is around 2338 (55- day EMA) and any break above will take the index till 2355 (21- day MA)/2378 (Apr 5th 2017 high).
   
• The immediate major support is around 2320 and any break below targets 2300/2260 (38.2% retracement of 2400 and 2030).
  
  It is good to sell below 2320 with SL around 2340 for the TP of 2260.