S&P 500 Analysis after closing bell

• Daily chart shows price getting support near 20 Day SMA and the price did a bullish candlestick in Hammer. Hammer is bullish if it forms at the bottom of a trend. It can also work well for continuation of the trend.
• Four hour chart shows price getting support at 50 Period SMA. 
• One hour chart shows price taking support at 38.2% Fib level. If price sustains above 23.6% Fib level another up move is possible.
• DOW JONES TREND UPDATE