FOUR HOUR CHARTS
- Bulls shall try to keep the price above 1206.75 level for continuing this up move.
- Price is retesting the resistance line of the triangle from which it gave a breakout. If price falls into the triangle pattern that will be bad news for bulls.
- Four hour chart also shows a bearish flag like consolidation after the big fall. Mostly these type of patterns that accours after a big down move gives a bearish breakdown.
- S&P 500 ANALYSIS AFTER CLOSING BELL