S&P 500 Analysis after closing bell

• Price in daily chart remained above 50 and 20 day moving averages.
• We have a Bullish cross over of the above mentioned moving averages and if prices remains above them it will move higher.
• Today's candle suggests some weakness but follow up selling needed for a bigger correction to unfold.
• Hour charts shows price getting stuck @ 50% Fibonacci level.
• Hour chart also shows a possible Inverted Head and Shoulders pattern possibility.
• But if the correction is large as shown with the last chart things will turn bearish again.
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