S&P 500 Analysis after closing bell

• SPX month chart shows price reaction from upper Bollinger band. So far it looks good for bears as price has Engulfed the body of the previous month candle. If the closing is near these levels or lower then the trend might favor bears in the medium term. Bulls need price to recover fast.
• SPX week chart shows the previous resistance level of 1370 getting broken and price moving towards the next price cluster of  1340 - 1350 level as shown in 2nd chart.
• A rising 20 Week sma may also act as support level as shown in 3rd chart. Last chart shows price breaking below 50 Week SMA which is another event that favors bears.