S&P 500 Testing 200 DMA again

• Price is testing 200 day moving average again.
• Repeated test of this moving average may lead to a convincing break.
• Hour chart falls below the cloud again. Now bears should break the recent low to extend the gains. If they are unable to break the low then bulls may get a chance to stay above 200 DMA.
• Price if continue to sustain above 200 DMA will favor bulls.