- Major support -1935
- The index has made a low of 1935 and slightly recovered from that level. Intraday trend is slightly bullish as long as support 1935 holds.
- S&P500 broken minor trend line resistance 1963 and jumped till 1968. It is currently trading around 1957.
- Major resistance is around 1980 and break above targets 1990/2000.
- Short term trend reversal only above 2030.
- On the lower side major support is around 1935 and break below targets 1920/1900.
It is good to buy at dips around 1950-55 with SL around 1935 for the TP of 1980/2000.
