S&P 500 Support Levels

 |  Includes: IVV, SPY
by: Bespoke Investment Group

The S&P 500 opened on a week note today, following up from yesterday's late day sell-off. Looking at an intraday chart of the last 15 trading days shows that today's open brought us below support at the 900 level. Going forward, the next key level of support comes into play at 880, which is about 10 points below current levels. Over the last two weeks, the S&P 500 has found support at this level twice. If the equity markets attempt to rebound intraday, resistance at the 900 level should be expected.

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