SP500 (a 4-hour chart)
The weakening of the dollar and the growth of oil prices pressured the USA indices. All indices are in the "red zone" in anticipation of upcoming statistical data in the US (the rate hike, retail sales, inflation and others.)
The index tried to recover on Monday. SP500 bounced from the support 2086 and grew to the current resistance 2100. SP500 failed to grow further and returned at the opening price level. The resistance comes at 2100, the support is at 2086.
MACD is in the negative area that is a bearish signal. RSI is close to the oversold area. That is a buy signal. The index broke through the 50 Moving Average and stopped on the 100 Moving Average. There is an upward trend on the daily chart.
If the price consolidates above 2100 the price may return to the growth. If the index does make a breakout at that level 2100 we will see a drop to 2070.