The S&P500 gapped down on Coronavirus fears. The level to beat for buyers is the 3400 resistance. S&P500 daily chart The S&P500 Index is trading in an uptrend above the main simple moving averages (SMAs) on the four-hour chart. After printing fresh all-time-highs, the market gapped down on Coronavirus fears and tested the 50 SMA. The trend remains for now intact and buyers will need to regain the 3400 figure to potentially extend the bull run towards the 3450 and 3500 levels. On the flip side, a break below the 3452 support can lead to a deeper retracement towards the 3300 and 3255 levels. Additional key levels 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 Wall Street opens in red dragged by tech and energy shares FX Street 2 years The S&P500 gapped down on Coronavirus fears. The level to beat for buyers is the 3400 resistance. S&P500 daily chart The S&P500 Index is trading in an uptrend above the main simple moving averages (SMAs) on the four-hour chart. After printing fresh all-time-highs, the market gapped down on Coronavirus fears and tested the 50 SMA. The trend remains for now intact and buyers will need to regain the 3400 figure to potentially extend the bull run towards the 3450 and 3500 levels. On the flip side, a break below the 3452 support can lead to a deeper retracement… 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.
