- The S&P500 remains under selling pressure below 2,800.00.
- The S&P500 is trading just above its 200-period simple moving average (SMA).
S&P500 daily chart
The S&P500 Index is having a correction down above the 200-period simple moving average (SMA).
S&P500 4-hour chart
The index is trading below its main SMAs suggesting a bearish bias. The S&P500 found some footing above the 2,760.00 level. If the weakness persists then 2,720.00 and 2,700.00 handle can become bear targets. Bulls would be looking for a break above 2,800.00 resistance to reach 2,840.00.
Additional key levels
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