S&P 500 futures met supply following rejection at the 3,300 level, undermined by the shift in the risk sentiment amid US fiscal wrangling and coronavirus concerns. With the latest leg down, the path of least resistance appears to the downside ahead of the US open and macro data. S&P 500 Futures: Key resistances and supports The Technical Confluences Indicator shows that the S&P 500 futures is defending the 3,289 support, which the confluence of the Fibonacci 38.2% one-day, previous low four-hour and SMA50 15-minutes. In absence of significant support levels, the US futures will directly test the 3,275/70 demand area, where the previous week high, pivot point one-week R1 and SMA10 four-hour intersect. A failure to resist above the latter will likely expose the critical support at 3,251, the convergence of the previous year high and pivot point one-day S2. Alternatively, the buyers could probe the 3,303 (previous day high) barrier on a break above the 3,300 level. Further north, the hurdle awaits at $3306/08, where the previous high four-hour and pivot point one-week R2 coincide. The next powerful resistance is aligned at 3,327, the pivot point one-month R1. S&P 500 Chart Here is how it looks on the tool Confluence Detector The Confluence Detector is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. Knowing where these congestion points are located is very useful for the trader, and can be used as a basis for different strategies. Learn more about Technical Confluence FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: UK coronavirus curve and souring international relations to weigh on sterling FX Street 2 years S&P 500 futures met supply following rejection at the 3,300 level, undermined by the shift in the risk sentiment amid US fiscal wrangling and coronavirus concerns. With the latest leg down, the path of least resistance appears to the downside ahead of the US open and macro data. S&P 500 Futures: Key resistances and supports The Technical Confluences Indicator shows that the S&P 500 futures is defending the 3,289 support, which the confluence of the Fibonacci 38.2% one-day, previous low four-hour and SMA50 15-minutes. In absence of significant support levels, the US futures will directly test the 3,275/70 demand area, where the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.