S&P500 technical analysis: US stocks remain fragile below the 2,800.00 mark

• The S&P500 remains under selling pressure below 2,800.00.
• The S&P500 is trading just above its 200-period simple moving average (SMA). 

S&P500 daily chart
 
The S&P500 Index is having a correction down above the 200-period simple moving average (SMA).

S&P500 4-hour chart

The index is trading below its main SMAs suggesting a bearish bias. The S&P500 found some footing above the 2,760.00 level. If the weakness persists then 2,720.00 and 2,700.00 handle can become bear targets. Bulls would be looking for a break above 2,800.00 resistance to reach 2,840.00.

Additional key levels