S&P 500 Analysis after closing bell

• Candlestick of the day shows strong buying @ lower levels.
• But for bears this has taken place at their backyard which is below 200 DMA.
• So this bullish reversal candle might have strength only for a retrace towards the Broken 200 DMA.
• Real strength for bulls can be seen only above 200 DMA. So retrace towards 1285 levels is likely to get resisted there.
• Price is still staying below the cloud and 50 period moving average in 30 Minutes time frame. These levels should be taken out first for continuing this bounce.