S&P 500 Analysis after closing bell

• Weekly chart is yet to show oversold readings.
• Indicators in weekly chart is moving slower and price is moving faster sometimes this shows the strength of the trend.
• Important levels in weekly chart is getting broken easily. Was expecting 1217 to hold for at least one day, It did not. It seems next stop is around 1150 levels.
• Daily chart looks oversold and will it give a bounce? In a normal situation we would have seen a bounce But this one looks like a strong bear rally and most of the rally in such situations takes place by staying oversold. Even if we get a bounce 1217 levels which was broken may act as resistance.
• SILVER CHART ANALYSIS