S&P 500 Analysis after closing bell

 

• S&P 500 Weekly chart shows price testing the rising trend line from 1075 levels.
• Daily chart shows price closing below 100 Day SMA and it is closer to the 200 Day SMA.
• Price closed below crucial support levels of 1396 - 1403.
• Now price must sustain below 100 SMA for a possible breakdown below the weekly up trend line. If the weekly up trend line holds then we might see a bounce in the coming days
• APPLE CHART ANALYSIS