S&P500 Technical Analysis: US Stocks remain fragile near 2,700.00 figure

• The S&P500 is having a deep pullback below the 200-day simple moving average (SMA). 
• The S&P500 closed above the 2,700.00 level but the day is closing far away from its high suggesting bullish weakness and potential bearish resumption in the second half of the week.
• Targets to the downside are seen near 2,647.25 (March 2 low) and 2,600.00 figure.

S&P500 daily chart

Main trend:               Bullish
Short-term trend:      Bearish pullback below 200-day SMA
 
Resistance 1:           2,718.75 April 17 high
Resistance 2:           2,763.50 July 11 low
Resistance 3:           2,800.00 figure
Resistance 4:           2,834.25 current October 10 low
 
Support 1:                2,700.00 figure
Support 2:                2,647.25 March 2 low
Support 3:                2,600.00 figure
Support 4:                2,530.75, 2018 low

Additional key levels at a glance: