S&P500 Technical Analysis: US Stocks under heavy pressure reaching levels not seen since May

• The S&P500 keeps crashing as tech shares get hit the most.  
• The S&P500 is trading well below its 200-day simple moving average on the daily chart as US stocks are melting to levels not seen since late May. The market strongly broke the 2,700.00 support and closed above 2,647.25 (March 2 low).
• The bear leg might extend to 2,600.00 figure and 2,530.75 (2018 low).  

S&P500 daily chart

Spot rate:                  2,664.50
Relative change:      -2.93%      
High:                         2,749.00
Low:                          2,652.50

Main trend:               Bearish
 
Resistance 1:                2,700.00 figure
Resistance 2:                2,718.75 April 17 high
Resistance 3:                2,763.50 July 11 low
Resistance 4:                2,800.00 figure
Resistance 5:                2,834.25 current October 10 low
 
Support 1:                2,647.25 March 2 low
Support 2:                2,600.00 figure
Support 3:                2,530.75, 2018 low