US Indices Ended Lower Previous Session, Expect More Downside In The Coming Session

U.S. stock indexes closed lower previous session, sliding in the final hour of trade, as market participants worries about a lack of a coronavirus aid package and rising COVID-19 cases.

• The Dow Jones Industrial Average DJIA, -1.92% tumbled 525.05 points, or 1.9%, to close at 26,763.13
• The S&P 500 SPX, -2.37%  lost 78.65 points, or 2.4%, ending at 3,236.92
• The Nasdaq Composite Index COMP, -3.01%  shed 330.65 points, or 3%, finishing at 10,632.99
  

The losses took the S&P 500 within a correction zone, defined as a 10% pullback from a recent peak. As futures pointing lower Thursday more downward pressure coming for the US session.

Immediately support at 3,210.95 the daily 100-SMA, lower than that it will push the index to 3,050 level where the Fibonacci 38.1%.

Upside, resistant is 3,354.36 the daily 50-SMA will bring the S&P500 to it bullish momentum.