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FxWirePro- Major pair levels and bias summary 
S&P500 has shown a recovery of more than 70 points after hitting low of 2670. It hits high of 2747and is currently trading around 2733. The index has taken support near trend line at 2655 and any further break below confirms bearish continuation. S&P500 has formed temporary bottom at 2603 and shown a more than 8% till 2818. It is currently trading around 2733.
On the higher side, near term major resistance is around 2763 (200 day MA) and any close above confirms minor bullishness. Any break above 2763 targets 2795/2820. The index should break above 2820 for further bullishness.
The near term support is around 2725 (20- day MA) and any break below targets 2700/2670/2655. The index should break below 2600 for trend reversal.
It is good to sell on rallies around 2745-50 with SL around 2770 for the TP of 2685.
