• Major support – 2108 (Sep 12th low)
   
• Major resistance – 2146 (55- day EMA)
   
• S&P500 breaks major support at 2108 and declined till 2097 yesterday. It is currently trading around 2101.
   
• Short term trend is bearish as long as resistance 2160 (trend line joining 2179.90 and 2175) holds.


• On the lower side major support is around 2085 (200- day MA) and any break below targets 2067 (61.8% retracement of  2193.90 and 1989)/2049.
   
• The minor resistance is around 2128 (7- day EMA) and any break above will take the pair to next level till 2136 (10- day MA)/2146 (55- day EMA)/2160.​
  
  It is good to sell on rallies around 2120-2125 with SL around 2150 for the TP of 2067