- SPX Daily shows bulls fighting through resistance levels.
- Weekly chart shown with the long lower tails of weekly candles when price fell below 1900 levels. These long shadows suggest strong support near that levels, But for bears there are no big upper shadows which suggests advantage bulls. Bulls hoping to see one long upper shadow here.
- Daily candle is showing slight negative divergence with Price and MACD. For this one to work price need to stay below the resistance levels discussed above.
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- SPX Daily time frame shows a likely hit @ the 200 DMA if 1295 does not hold.
- If 1295 holds we may get an up move soon.
- Hour chart is looking weak as Hourly 200 Moving average is acting as resistance.
- 30 minutes char too looks bearish. As price is trending down below the cloud.
