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  • The bullish recovery is having a retracement down. 
  • S&P 500 is challenging the 2850 support level. 
 
 

S&P 500 daily chart

 
The S&P 500 is currently having a second day of pullback down after a bullish run almost reaching the 3000 round number. The index maintains a bullish bias as a rebound from the current level is likely. However, a daily close below the 2850 support can lead to a deeper pullback down towards the 2800 and potentially 2730. On the other hand, bulls will shift their attention to the 2900 resistance and 2945 if the market can gather enough steam.
   

Additional key levels