The S&P500 is trading in a bear trend below the 200-day simple moving average (SMA). This Friday bulls managed to reverse earlier daily losses however the index is still under strong bearish pressure. While bulls might try to come back at the start of next week they would need a daily close above 2,700.00 figure otherwise bears are likely to keep the downward bias intact with 2,600.00 as next target. S&P500 daily chart Spot rate: 2,672.00 Relative change: -0.38% High: 2,692.50 Low: 2,627.75 Main trend: Bearish Resistance 1: 2,700.00 figure Resistance 2: 2,718.75 April 17 high Resistance 3: 2,763.50 July 11 low Resistance 4: 2,800.00 figure Resistance 5: 2,834.25 current October 10 low Support 1: 2,647.25 March 2 low Support 2: 2,600.00 figure Support 3: 2,530.75, 2018 low 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 US: GDP continued to grow strongly but some further slowing seen in quarters ahead – Wells Fargo FX Street 4 years The S&P500 is trading in a bear trend below the 200-day simple moving average (SMA). This Friday bulls managed to reverse earlier daily losses however the index is still under strong bearish pressure. While bulls might try to come back at the start of next week they would need a daily close above 2,700.00 figure otherwise bears are likely to keep the downward bias intact with 2,600.00 as next target. S&P500 daily chart Spot rate: 2,672.00 Relative change: -0.38% High: … 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.
