As Expected S&P 500 took Support at 2041 levels as told by us and from there looks to be in bearish mode as index showing crucial support at 2011-2000.S&P 500 may turn extremely weak if a negative breach is given at current level and also index may show sign of heavy panic below 2000 if not sustained.
Resistance is intact at 2075.Above this stock may test its next Resistance of 2092-2104 if a strong pullback rally is seen. This is unlikely as S&P 500 seems to be in bearish scenario.
RSI of 54 suggest that more sellers could come and take S&P 500 down to lower levels as MACD of -3.41 Suggest that trend is bearish and panic can be seen for short tem.
More will update soon!!
