S&P 500 index this week closed with strong gains. After last week’s profit booking, spx has taken support at 2040 and given strong reversal move. On upside 2105 and 2155 are resistances as well as target zones for this. We saw high of 2087 in this week. On downside 2040 and 2023 are strong support zones as well as stop loss levels for long traders.