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- Major support – 2165 (trend line joining 2157.90 and 2162.60).
- Major resistance -2180
- S&P500 has jumped till 2176 at the time of writing and slightly declined from that level. It is currently trading around 2167.60.
- On the lower side, slight bearishness can be seen below 2165 and any violation below 2165 will drag the index down till 2150 (21 day MA)/2137 (23.6% retracement of 1989 and 2182.90).
- The resistance is around 2180 and any break above targets 2200.
It is good to sell on rallies around 2165-2168 with SL around 2180 for the TP of 2150/2137.
