Taking a look at the S&P 500 on a daily timeframe, from a technical aspect the index is currently trading around 3968 with support below at 3956.

Taking a look at the S&P 500 on a daily timeframe, from a technical aspect the index is currently trading around 3968 with support below at 3956, which corresponds with the middle moving average of the Bollinger Bands. A break below the middle MA of the Bollinger Bands could see the index head towards the 3807 level, which matches the lower band of the Bollingers. Although, this is more likely towards the back end of this week/start of next week. Towards the upside, if the support level holds, resistance sits at 3986 then at 4007 then a key point at 4043. A break above the 4043 level may see the S&P 500 climb higher towards 4100-4150. Looking at the indicators, MACD has turned negative and RSI is slightly positive but faltering towards a neutral stance.