S&P 500 has been in correction mode since it could not breach our mentioned resistance as it was trading near its upper Bollinger limit but previous session it showed some positive pullback from its support of 2066 and therefore opened positively at 2067 and from there sustained this level by and made a high of 2083 before finally setelling at 2081 with a increase of 16 points to the index that is a 0.78% change.
S&P overall trend is weak as among global economic and political uncertainty. S&P 500 has immediate resistance at 2095.If this is breached positively one see next resistance around 2110.
S&P 500 has support intact at 2066-2064.Nelow this there can be panic as next support is around 2044.
A RSI of 55 indicate that buyers are still not entering S&P 500 aggressively as it may take some more correction among global and economic uncertainty.
A negative MACD of 4.56 indicate that trend is weak for short term and S&P 500 may trade between mentioned levels.
More will update soon!!
