S&P500

S&P500

Buyers gave up control on Tuesday. The selling pressure increased and the index dropped to the 2700 handle where sellers found a good heaven to gather some steam before going further.  The resistance lies at 2730, the support exists at 2700.

Sellers might try to move the benchmark lower. However, they need to move through the 50,100 and 200 EMAs first to reach the 2670 level.

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