S&P500 is trading in narrow range between 2676 and 2612 for past one week. Markets eye major earnings which is to be released today for further direction. In the week ahead out of 505 companies in S&P500 113 is set to announce results. The index hits intraday low of 2629.90 and is currently trading around 2645.60.
Short term trend is bullish as long as support 2600 holds. Any break below 2600 confirms minor weakness and a dip till 2550/2530 likely. Any daily close below targets 2465/2437/2397. Any further bearish continuation only below 2330.
On the higher side near term resistance is around 2676 (300-day EMA) and any break above targets 2725/2742 (200- day MA).
It is good to buy on dips around 2625-30 with SL around 2600 for the TP of 2725/2740.


FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Pair levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Woodies pivot (Major)
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus 



