S&P500 is trading weak for 2nd consecutive days and lost more than 2.5% from high of 2747. It hits low of 2670 and is currently trading around 2670. The index is facing major trend line support at 2655 and any further break below confirms bearish continuation. S&P500 has formed temporary bottom at 2603 and shown a more than 8% till 2818.
On the higher side, near term resistance is around 2724 (20 day MA) and any break above targets 2763 (200 day MA). Minor bullishness only above 2763 and any break above targets 2795/2820. The index should break above 2820 for further bullishness.
The near term support is around 2655 and any break below targets 2600. The index should break below 2600 for trend reversal.
It is good to sell on rallies around 2700-05 with SL around 2730 for the TP of 2655/2603.


FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: AUD/ USD strongly bearish despite upside attempts
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro- Major Crypto levels and bias summary
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal 



