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S&P 500 Price Forecast: US stocks easing from two-week's highs, trades near 2500 level

  • S&P 500 is pressuring the 2500 support level.
  • Further weakness can be on the cards with 2400 and 2300 on the bears’radar.
 

S&P 500 daily chart

 
The S&P 500 is pressuring the 2500 support as the market is easing from 11-day’s highs. A break below the above-mentioned support can lead to further weakness towards the 2400 and 2300 levels on the way down. Resistance can emerge near 2600 level initially.
    

Additional key levels 

 

United States Markit Manufacturing PMI came in at 48.5 below forecasts (49.2) in March

United States Markit Manufacturing PMI came in at 48.5 below forecasts (49.2) in March
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Italy: Bank of Italy recommends to banks not to distribute dividends – BNP Paribas

Following the example of the ECB for the significant institutions, the Bank of Italy has decided to recommend to banks not to distribute or commit dis
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