S&P 500 Analysis after closing bell

• Weekly chart shows another attempt to stay above 100 week sma. Bullish attempts are being failed towards the end of the week for the past 5 times. It may happen again.
• IF price manage to stay above 200 hour moving average in hourly charts, price will favor bulls for sometime. Today's closing hourly candle looks negative but 200 hour sma may save bulls from a larger correction.
• Price may move towards the falling 50 Day moving average, we have the 50% Fib level too at this level which makes it a confluence of resistance which will be difficult to cross.
• GOLD MOVING TOWARDS THE TRNED LINE