S&P500 Technical Analysis: Bulls not out of the woods as more losses to 2,729.50 are on the cards

• The S&P500 is trading in a bull trend above its 200-day simple moving average.
• The market found some resistance near the 2,800.00 figure and the 50 and 100 SMA.  
• Failure for bulls to hold above 2,766.00 would likely see the market slip down to 2,729.50 (October 12 low).  

S&P500 daily chart

Main trend:               Bullish
 
Resistance 1:           2,800.00 figure
Resistance 2:           2,834.25 October 10 low
Resistance 3:           2,853.00 August 9 low

Support 1:                2,766.00 November 2 high
Support 2:                2,718.75 April 17 high
Support 3:                2,700.00 figure
Support 4:                2,729.50 October 12 low.
Support 5:                2,647.25 March 2 low
Support 6:                2,600.00 figure
Support 7:                2,530.75, 2018 low

Additional key levels at a glance: