S&P 500 Weekend update

• All time frames still favoring bears.
• Hope for bulls is the recent low 1101.
• If that level holds we may see a bounce.
• If price stays above 50 and 100 Hour moving average one may stay long for a bounce.
• Price below 50 Hour moving average will favor bears. 
• If a bounce happens 20 Day moving average is the next resistance level. Larger up move will be possible only if price starts to trade above 20 DMA.
• S&P 500 CLOSED BELOW 200 WEEK MOVING AVERAGE