S&P500 Technical Analysis: US Stocks reverse daily losses

• The S&P500 is trading below its 200-day simple moving average (DSMA) which is considered  bearish.  
• The S&P500 reversed earlier losses on Tuesday however the momentum remains bearish as the market is trading below its 200 DSMA and the  indicators keep a bearish reading.  
• Bulls would need to retake 2,763.50 (July 11 low) in order to re-establish the bull trend. As it stands the market is more likely to remain under pressure in  the coming sessions.  

S&P500 daily chart

Spot rate:                  2,745.00
Relative change:       -0.37%      
High:                         2,753.75
Low:                          2,691.75

Main trend:               Bearish
 
Resistance 1:           2,763.50 July 11 low
Resistance 2:           2,800.00 figure
Resistance 3:           2,834.25 current October 10 low
 
Support 1:                2,718.75 April 17 high
Support 2:                2,710.00 October low  
Support 3:                2,700.00 figure
Support 4:                2,647.25 March 2 low
Support 5:                2,600.00 figure