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The S&P500 remains under pressure following the recent strong pullback down.
The market rejected the 2,800.00 level and looks ready to test the current October low. The indicators remain weak and suggest further losses ahead.
Support can be seen near 2,718.75 April 17 high and 2,710.00 October 11 low.
Main trend: Bullish
Short-term trend: Bearish
Resistance: 2800.00, 2834.25, 2853.00
Support: 2763.50, 2718.75, 2710.00
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• Shares in Europe traded higher on Monday morning as investors focused on earnings and sentiment bounced back after last week's losses.
The pan-European Stoxx 600 rose 0.7 percent in early deals with most sectors trading in positive territory. Autos, banks and tech
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• Asian share markets swung into the black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.
That helped E-Mini futures for the S&P 500 recoup all their initial losses to push 0.2 percent higher. MSCI’s broadest index of Asia-Pacific shares outside Japan turned on a dime to rise 1 percent.
• Japan’s Nikkei edged higher on Monday as investors took heart from a rally in Chinese shares on the promise of additional stimulus measures, triggering buying in firms exposed to China.
After ending the morning session lower, the Nikkei share average changed course and rose 0.37 percent to close at 22,614.82, moving off a six-week low of22,212.57 hit during the previous session.
• Most Asian markets rose Monday, with Shanghai surging more than four percent to build on a rally at the end of last week but traders are still cautious over geopolitical tensions.
The announcements helped Shanghai rise 4.2 percent Monday, while Hong Kong added 2.4 percent.
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