SP500 (a 4-hour chart)
The US stocks grew on Wednesday, the first time in five days. The decreased chances for the rate hike supported the indices. The stocks remained near Tuesday's levels slightly above the minimum of four weeks.
The index recovered from the level 2070 on Wednesday. The quotes were able to reverse to 2090. However buyers were not able to hold the index at the local high. SP500 decreased back to 2070. The resistance comes in at 2086 the support is at 2070.
MACD is in the negative area. The histogram grew yesterday that is a bullish signal. RSI left the oversold area upwards that is a buy signal. The index broke through the 200 Moving Average. The 50 and 100 Moving Averages are above the SP500. There is an upward trend on the daily chart.
If the index gets below 2070 the decrease will be continued.