S&P500
With the previous peak adjustment, the index has returned to the important resistance level of 6875. Last Friday's strong selling day may cause a short fall to the trend line. However, a break in the long-term rising green trend line could bring a stronger sell signal, but this will take a few more days. In the longer term, there is strong support around the 5938 level, while significant resistance is around 7188 or 7500.
Resistance levels: 6,875; 7,188; 7,500.
Support levels: 5,937; 5,781; 5,625.
