S&P 500 Weekend update

 

• S&P 500 Managed to close below 50 Day SMA. But the closing does not looks convincing and Bears need to do more to pull prices down further.
• Price is at 38.2% Fib level which is at 1652. This level has to break for extending the down more.
• Bears must take care as Daily stochastic is reaching oversold zone. Bearish Below 1652. Strength above 1664