S&P 500 Analysis after closing bell

 

• SPX One hour chart shows weakness But price yet to break below crucial supports like Hourly cloud. Bigger falls can be seen if Hourly cloud does not hold.
• 4 Hour chart too shows price above the neck line of the inverted head and shoulders pattern.
• Daily chart almost gave a Dark Cloud cover pattern. If the opening was slightly higher for the day candle we should have had a perfect Dark cloud cover pattern. Now for bulls price must sustain above the falling resistance line which was broken earlier. 
• QQQ CHART UPDATE

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