Wall Street has observed the benchmark S&P 500 (SP500) trim some of its post-election gains as the dust settles following Donald Trump's presidential victory and a Republican-led Congress and Senate preparing to take center stage in January.

As a result of the recent pullback, Piper Sandler showcased that a handful of support and resistance levels have now surfaced. “The major indices modestly pulled back to post-Election Day gaps and other key support levels well above their primary uptrends,” Piper Sandler stated.

Furthermore, Piper Sandler went on to highlight some key technical trading levels that investors may want to keep on their radar.

S&P 500 Resistance Levels: 6,017 (all-time high), 6,065 (Fib Ext), and 6,100 (P&F target)

S&P 500 Support Levels: 5,865 (bullish gap), 5,865 (20-day MA), 5,783 (bullish gap), and 5,788 (50-day MA).

On Thursday, the benchmark index opened trading at 5,940 and is higher on the year by 24.8% but trades below its all-time high by 1.3%.

For market participants wanting to monitor the broader S&P 500 (SP500) more closely, here are some exchange-traded funds and mutual funds that can serve as a proxy investment: (NYSEARCA:SPY), (NYSEARCA:VOO), (NYSEARCA:IVV), (SSO), (RSP), (UPRO), (SH), (SDS), (SPXU), (FXAIX), (VFIAX), and (VFFSX).