S&P 500 Analysis after closing bell

• SPX Weekly chart shows the possibility of a weekly close below 200 week moving average and the weekly cloud.
• Daily charts also looking bearish with the reversal attempt getting failed.
• Only hope for bulls is the recent low being held which looks unlikely.
• Hour charts have also turned bearish with price closing below 50 Hour SMA and hourly cloud.
• So if bulls are going to turn things we may see it in the hour chart first. As of now bears are all over the place from the smallest time frame to the weekly chart.
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