S&P500 Technical Analysis: Bears close to cross the point of no return

S&P500 daily chart

• The S&P500 is trading in a deep pullback below its 200-period simple moving average.
• The S&P500 can extend its losses if the market close below 2,570.00.  
• On the flip side if bulls manage to hold the market above that level for a sustained period of time it might invalidate the current bearish bias.

Additional key levels