- US stocks are on the way down as the trade war intensify.
- The index broke below the 200-period simple moving average (SMA).
S&P500 daily chart
The S&P500 Index is trading in a correction down below the 200-period simple moving average (SMA).
S&P500 4-hour chart
The index is under selling pressure below its main SMAs. The S&P500 broke below the 2,760.00 level. The market is weak and 2,720.00 and the 2,700.00 handle can become bear targets. Resistance is at the 2,770.00 and 2,800.00 levels.
Additional key levels