S&P500 Technical Analysis: US Stocks still fragile in the aftermath of last week crash

• The S&P500 crashed last Wednesday and drove prices below the 200-day simple moving average.  
• The S&P500 is showing no sign of recovery suggesting that further losses can be on the cards. The RSI, MACD and Stochastic indicators are bearishly configured.  
• Supports to the downside can be expected near 2,718.75 (April 17 high), 2,700.00 figure and 2,647.25 (March 2 low) but nothing shows that they should hold.

S&P500 daily chart

Spot rate:                  2,745.75
Relative change:      -0.86%      
High:                         2,775.25
Low:                          2,743.75

Main trend:               Bullish
Short-term trend:      Bearish

Resistance 1:           2,763.50 July 11 low
Resistance 2:           2,800.00 figure
Resistance 3:           2,834.25 current October 10 low
Resistance 4:           2,853.00 August 9 low
Resistance 5:           2,863.75 August 7 high
Resistance 6:           2,877.00 January swing high
 
Support 1:                2,718.75 April 17 high
Support 2:                2,710.00 October 11 low
Support 3:                2,700.00 figure
Support 4:                2,647.25 March 2 low