SP 500 ANALYSIS AFTER CLOSING BELL

HOUR CHART

30 MINUTES CHART

DAILY CHART

• SP 500 is forming a descending triangle in the hourly chart. And it looks like it should come down to 1040 any time. We have to see if it breaks the lower boundary there itself or gives another false upper break out before coming down.
• 30 minutes channel is also suggesting a move towards 1035 to 1040 at least as it is in the bottom part of the channel.
• Daily chart channel is also confirming the study decline in prices without any doubts. As the time frame increases the trend is clearer it's down down down. And any rally in daily chart should be sold .