SP500 (a 4-hour chart)
The USA stocks presented a modest negative tone on the back of the concerns over the world economy growth and bearish sentiment growth in the commodity market.
The index showed a negative dynamics. Sellers were able to drive the index lower. The price fell from the 2170 mark towards 2140. The resistance is seen at 2165, the support is at 2150.
The indicators generate a sell signal. MACD entered the negative area. MACD decreased which indicates sellers’ growing strength. Oscillator RSI approached the oversold territory.
In the 4 hours chart, the price broke the 50 and 100 EMAs. The moving averages are still moving upwards.
After the support level of 2140 breakthrough down the way to the support 2120 will be opened.