S&P500 technical analysis: US stocks under pressure below the 200-DSMA

• US stocks finished the day marginally higher but still under strong bearish pressure.
• 2,800.00 is seen as key resistance.

S&P500 daily chart
 
The S&P500 Index is in a correction down below the 200-day simple moving average (DSMA). The market recovered slightly this Monday but remains under bearish pressure.

S&P500 4-hour chart

The index is declining below its main SMAs. The market is currently weak as 2,720.00 and 2,700.00 can become targets to the downside. Resistance is at the 2,760.00 and 2,800.00 levels.

Additional key levels