- First chart is a bearish pennant formation in four hour time frame.
- Next chart shows possible resistance levels which bulls need to cross for an up move to happen. 100 period SMA and 588 need to be crossed for extending this up move.
- Crucial support for the day is 566 and bears will be stronger on closing below 100 DAY SMA.
- S&P 500 ANALYSIS AFTER CLOSE
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