S&P 500 Analysis after closing bell

• Weekly candle which broke below 200 week moving average and the cloud has managed to go back above them. This battle will go on till Friday. Closing price will give more clarity.
• Today's daily candle shows Bulls reducing most of yesterday's losses. 
• But the trend has not managed to change completely even in small time frames like 30 Minutes. Price closed below the cloud in this time frame and Price closed at the 50 hour moving average for 30 Minutes time frame. 
• If the trend is going to be reversed price will stay above the cloud in 30 minutes time frame for the coming days.