S&P 500 Analysis after closing bell

• SPX 15 Minutes chart is forming a range and if it breaks on the upside it may trigger a rally because price is near the support line of the channel in hour chart.
• 2nd chart is the hour time frame which shows price hitting the support line and it may give an up move if this line is held.
• Day shows price yet to break the cloud and is near 50 DMA. If price moves above 50 DMA by not breaking the cloud Bulls may get a bounce in their favor.
• For bears its simple they have to violate the support line of the channel shown in hour chart to create more panic for bulls.