S&P 500 weekly technical report for 9 to 13 may 2016

S&P 500 weekly technical report for 9 to 13 may 2016 S&P 500 index this week closed with loss. Second weak week for index and losses.   S&P 500 after breakdown below 2070, given swing low up to 2039 my first tgt is 2030. Below 2030 we can expect 1995 as next tgt zone.   Here investors must watch 2015 level on weekly closing basis, below it these are more probability of bear market for index with price tgts 1895 and 1750.

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Pramod Baviskar

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