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S&P500 faces strong support at 2025, break below targets 1915/1810

Monday, May 23, 2016 6:43 AM UTC

Death cross – 50 WMA crosses below 100 WMA
Major support – 2025
S&P500 has made a low of 2025 (50 W MA) and slightly recovered from that level .it is currently trading around 2055.
Short term major resistance is around 2085 and break above targets 2110/2140 levels.
On the lower major support is around 2025 and any close below will drag the index down till 1915/1810.
Overall bearish invalidation only above 2140.

It is good to sell below 2025 with SL around 2085 for the TP of 1915/1810

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S&P500 faces strong support at 2025, break below targets 1915/1810

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